However, if flexibility and freedom to work with a range of suppliers is important to you, then it`s a good idea to resist exclusivity and contract on non-exclusive terms. In words like expel and export, and exclusive, the prefix ex- means “out, out.” So excluding basically means closing the door to prevent someone or something from entering. When the word appears in an advertisement, it often appeals to snobs. An “exclusive” offer should only be made to a few people; Not so long ago, “exclusive” housing estates excluded those of a certain race or color. If a product is sold exclusively by a store, you won`t find it anywhere else. When a newspaper or newscast is exclusive, it`s a story no one else has ever reported. The antonym of Exclusive is inclusive; An inclusive policy, an inclusive church or an inclusive approach aims to involve as many people as possible. When a person sells their home, they can work with a real estate agent and sign a contract that gives them the exclusive right to sell. In exchange for being the preferred partner here, the real estate agent could offer to reduce their commission – say, to 1% instead of 2%. An exclusive right to sell real estate means that the seller chooses only one agent to sell their home.

(a) Rights. Exclude someone from participating in something. An exclusive right or privilege is a right or privilege that is granted to one person to do one thing and that prohibits all others from doing the same. A patent right or copyright is of this type. (B) Time Calculation. Exclude; engage. As if an action must be carried out within a certain period of time, that is, ten days after a certain time, one day must be included and the other excluded. Exclude; exclusion of interference or participation; linked to a single person. An exclusive right is a right that only the beneficiary can exercise and from which all others are excluded or excluded. A law does not grant an “exclusive” privilege or franchise unless it prevents others from enjoying a privilege or similar franchise. In re Union Ferry Co., 98 N. Y.

151. The nature of an exclusivity agreement is quite restrictive in that it restricts a party`s ability to establish relationships with other suppliers. However, if you are able to enter into an exclusivity agreement, it can create a competitive advantage for your business by preventing competitors from entering into contracts with your counterparty for the duration of the contract. Britannica.com: Encyclopedia article on exclusivity An example of an exclusivity agreement could be a sponsorship agreement where an athlete agrees to wear only sportswear made by a particular company. A company like Nike could pay millions of dollars every year to have someone like Serena Williams wear her clothes exclusively. The most common example, which many of you are familiar with, is the use of exclusive and non-exclusive contracts in real estate. Let`s look at this example now. Non-exclusive contracts are contracts that do not contain exclusivity provisions that prevent one party from contacting other parties.

In fact, they may include an explicit non-exclusivity clause that clearly indicates that competing suppliers or partners may be hired. In order to accept an exclusivity contract, the other party may need a larger incentive than you would otherwise offer, such as higher fees or more favourable terms. What does exclusivity mean in contracts and should you opt for exclusive or non-exclusive contracts for your business? Explore. EXCLUSIVE, rights. Exclude someone from participating in something. An exclusive right or privilege is a right or privilege that is granted to one person to do one thing and that prohibits all others from doing the same. A patent right or copyright is of this type. Exclusivity is the condition or practice of being exclusive; Exclusive right or privilege.

In contract law, an exclusivity agreement is a contract in which one party grants another party exclusive rights in relation to a particular business function. However, if the seller is not convinced that the broker will do a good job, they could sign a contract that gives that broker a non-exclusive right to sell – and sign a similar contract with a few other brokers. For example, if one court has been granted exclusive jurisdiction over cases on a particular subject matter, no other court can hear cases relating to that particular subject matter.