Exclusivity Agreement
/ɪksˌkluːsɪˈvɪti əˈɡriːmənt/
Definitions
- (n.) A contract whereby one party agrees to buy exclusively from another or to sell exclusively to another, preventing dealings with third parties.
The company signed an exclusivity agreement to purchase all supplies from the vendor.
- (n.) A clause within a contract that restricts one party from engaging in certain business activities with others during the contract term.
The exclusivity agreement prohibited the distributor from selling competing products.
Forms
- exclusivity agreements
Related terms
See also
Commentary
Exclusivity agreements should be drafted clearly to define scope, duration, and permitted exceptions to avoid unenforceability for restraint of trade.
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.