Exclusivity Clause

Exclusivity Clause: An exclusivity clause is a contractual agreement between the buyer and the seller that grants exclusive rights to one party to provide a particular product or service. It restricts the other party from providing similar products or services to other customers. The exclusivity clause helps in ensuring a steady flow of business and provides a competitive advantage to the party with exclusive rights. However, it is essential to ensure that the exclusivity clause does not violate any competition laws.

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