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An exclusivity clause is a contractual agreement where one party commits to engaging solely with another party for specific activities. For example, a company may designate a partner as its exclusive supplier of water in North America for two years. Exclusivity clauses can also imply exclusivity without explicitly stating it, such as agreeing to buy all water from one supplier. While not common, these clauses emerge in significant business deals and can carry substantial financial value, such as exclusive distribution rights. Violating these clauses can have serious consequences, making it crucial to understand them in business agreements.
