Market Exclusivity
/ˈmɑːrkɪt ɪkˌskluːsɪvɪti/
Definitions
- (n.) The legal or regulatory right granted to a product or company to exclusively market a product, typically for a fixed period, preventing competitors from entering the market.
Pharmaceutical companies rely on market exclusivity to recoup research and development costs before generic competitors appear.
Forms
- market exclusivity
Related terms
See also
Commentary
Market exclusivity often complements patent rights but can be granted independently through regulatory frameworks; it is critical to specify the exclusivity period and scope in legal drafting.
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.