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An exclusivity clause is a contractual promise to only do a set of things with one other party. So it might be like, you are our exclusive supplier of water to our North American operations for a period of two years. But sometimes exclusivity clauses aren't so simple, like instead of saying you're the exclusive supplier, it might say, we will buy all our water from you for North America for two years. That second one, also an exclusivity clause doesn't even say the word exclusive in it. But yet by buying all of your water from them, you're making an exclusive promise. Exclusivity clauses aren't super common in agreements, but they do come up sometimes in the context of really important business deals. And they can be worth a lot of money. Right? Like you might say, you're the exclusive distributor of our shoes in South Korea or the exclusive licensee of whatever in a certain spot for a certain amount of time. And so they do come up. It's really important that you don't violate them wh...
