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Exclusivity means that one party is restricted from buying, selling or otherwise partnering with other parties than the one on the other side of the contract. Exclusivity is used in contracts to limit what one party can do, usually to the commercial advantage of the other party.
Exclusive dealing is common and can take many forms. It often requires a buyer to deal exclusively with a seller. For example, a manufacturer may agree to deal with a distributor only if the distributor agrees not to carry the products of the manufacturer's 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.
The Parties agree, that during this exclusivity agreement as well as a period of 1 year of either termination or completion of this agreement they will refrain from any comments or statements either in written or oral form that may disparage or damage the other party's reputation or cause injury to the party involved.
Exclusive supplier clause samples Each cut design is developed internally and is owned exclusively by us. We do not own the patent for the raw materials, which is held by our exclusive supplier. Our film supplier has contractually agreed to not sell the raw materials to any of our competitors.