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Exclusivity Clause Defined Exclusivity clauses, also called non-compete provisions, prevent one party from soliciting offers or negotiating with a third party within a specific period. They are often located within a confidentiality agreement. Speak with lawyers if you need an alternative to exclusivity clauses.
An exclusivity period is a length of time (usually 30 to 60 days) during which a seller is prohibited from carrying out or furthering activities that relate to the sale of a firm with parties other than the prospective buyer with whom they have signed a letter of intent.
An exclusivity provision defines a length of time, typically 1-2 months, where a seller cannot deal with any party other than the prospective buyer regarding the sale of the business.
If an employer wants to withdraw a job offer because an employee cannot start on a certain date, as originally planned, they cannot do this without breaching the contract unless the date was an agreed term and condition of the employee's employment, not just a suggested start date.
The duration of an exclusivity clause depends on what is written in the contract. It can be as short as a few months or as long as several years. Most do not extend beyond 5-10 years, but it depends on the parties involved.