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An exclusivity clause is a contractual promise to engage in specific activities only with one party, such as designating someone as the exclusive supplier of a product for a defined period. These clauses can be implicit, such as a commitment to purchase all supplies from one supplier without using the term "exclusive." While not very common, exclusivity clauses are significant in crucial business agreements and can hold substantial financial value, like appointing an exclusive distributor or licensee in a specific region. It’s vital to adhere to these clauses to avoid violations.
