Exclusivity Agreement With Supplier

State:
Multi-State
Control #:
US-02167BG
Format:
Word; 
Rich Text
Instant download

Description

An exclusivity agreement is a contract between two or more entities to deal
only with each other regarding a specific area of business. The essential feature of an exclusivity agreement is the covenant to not engage in a particular business activity with other parties for a specified period of time.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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  • Preview Exclusive or Exclusivity Agreement Between Buyer and Seller
  • Preview Exclusive or Exclusivity Agreement Between Buyer and Seller
  • Preview Exclusive or Exclusivity Agreement Between Buyer and Seller
  • Preview Exclusive or Exclusivity Agreement Between Buyer and Seller

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FAQ

Also known as exclusivity. A type of agreement (sometimes found in a term sheet or confidentiality agreement) limiting the seller's ability to solicit an offer from or negotiate with a third party during a specified time period. An exclusivity agreement protects a buyer against being outbid by another party.

During an exclusive negotiation period (also referred to as a lockout term or even a no-talk period), parties agree not to enter into negotiations with any third parties with respect to the subject at hand.

The clearest method for achieving exclusivity in negotiation is an exclusive negotiation period during which both sides agree not to talk to third parties, even if approached unexpectedly by others. In some arenas, these terms are called no-talk periods.

Exclusive Supply Agreements are defined under Section 3(4)(c) of the Competition Act, 2002 ("Act") as agreements restricting the purchaser from purchasing/dealing with goods other than those of the seller. Exclusive supply agreements operate a restriction on the seller.

Clearly state that both parties have elected to enter into the agreement based on their interest and free will. Then, outline the terms upon which both parties agree. The next section should cover which party will provide goods or services exclusively to the other.

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And Other Business Contracts, Forms and Agreeements. The supplier may want to restrict you from buying the same or similar goods from other suppliers.Assignment of an exclusive distributor in a territory represents an unnecessary leap of faith on the part of the supplier. Non-exclusive. The supplier has complete freedom to sell directly and appoint other distributors within the territory.

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Exclusivity Agreement With Supplier