What is an example of product exclusivity?
Examples of companies that use exclusive distribution include Apple for its high-priced and luxury products, as well as companies like Lamborghini, BMW, Rolex, and Mercedes. These companies appoint only a few distributors to cover a specific region, maintaining exclusivity in their distribution agreements.
How do you write an exclusive contract?
Draft a clear description of the products or services subject to exclusivity, including any trade secrets or proprietary information. Specify any additional conditions to the exclusivity agreement, such as a clause prohibiting the parties from entering into similar agreements with competitors.
What is an example of exclusivity clause in a service agreement?
The Service provided by Party B in this agreement is exclusive, within the term of this Agreement, without the prior written consent of Party B, Party A shall not conclude any agreement with the third party to retain the third party to provide Party A with the service same as or similar to the Service provided by Party
What is the exclusivity clause for service agreement?
An exclusivity clause shields your software, products, or services from unwanted distribution. It grants exclusive rights to certain parties and forbids those parties from transferring permission to others. This contract clause puts you in control and protects your brand from abuse.
What is the exclusivity of client clause?
An exclusivity clause means you are being asked to restrict your supply of products to just that client, industry or geographical area, depending on the details of the contract.
How do you draft an exclusivity clause?
The exclusivity period shall begin on [Agreement. CreatedDate] and will conclude on [Agreement. EndDate]. During the exclusivity period, the Seller will under no condition solicit, sell, or promote any of the property listed within this exclusivity agreement to any other Parties.
What is an example of exclusivity?
Another common example of an exclusivity agreement is in commercial leases in shopping centers. Commercial landlords often offer a tenant the exclusive right to sell certain types of goods.
What is an example of an exclusive clause in a contract?
Exclusivity Clauses: Examples The parties agree that, for the duration of this Agreement, the Supplier shall have exclusive rights to distribute the products in the State of .
What is the exclusivity standard clause?
Sometimes employers include exclusivity clauses in their employees contracts. These clauses are to stop the employee from either: working for another employer. working for another employer without consent.
How do you write an exclusivity clause?
During the Exclusivity Period (as defined below), the Company will not, and will ensure that none of its Related Persons (as defined below) will, solicit, negotiate, accept, encourage, consider or otherwise pursue any offer or inquiry from any person or entity, or engage in discussions or other communications or
