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Long form clause by which the customer agrees to purchase a particular product or service exclusively from the supplier and the supplier agrees not to supply a particular product or service to the customer's competitors. Exclusive purchasing and supply clause: long form Practical Law ? ... Practical Law ? ...
An exclusivity clause grants exclusive distribution rights, exclusive licenses and other exclusive rights. It can also be an obligation to purchase all of a party's requirements for a product or service from the other party and prohibitions against selling products or services to competitors.
What is an Exclusive Supply Agreement? An exclusive supply agreement, also called exclusive dealing, is a legal agreement between two parties in which one party imposes restrictions on the other party's freedom to make choices about with who or where they do business.
An exclusive supply agreement, also called exclusive dealing, is a legal agreement between two parties in which one party imposes restrictions on the other party's freedom to make choices about with who or where they do business. Exclusive Supply Agreement: Definition & Sample contractscounsel.com ? exclusive-supply-agr... contractscounsel.com ? exclusive-supply-agr...
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.
An exclusive distribution agreement is an agreement between a distributor company and a supplier company that grants the distributor exclusive rights to sell the suppliers goods. This means that the supplier agrees to now allow another distributor to sell its goods for the duration of the agreement.