Exclusivity
/ɪkˌskluːˈsɪvɪti/
Definitions
- (n.) The state or condition of being limited to one party or group, excluding others.
The contract granted exclusivity to the supplier for five years.
- (n.) A contractual provision that restricts one party from engaging with others.
The exclusivity clause prevented the vendor from selling to competitors.
Related terms
Commentary
Exclusivity clauses should be drafted carefully to balance market competition and contractual benefits.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.