By an exclusivity agreement, the buyer undertakes not to receive or claim the seller`s goods from others during the term of the contract. An exclusivity agreement can help create a competitive advantage for a seller by limiting who else can obtain these services, since this exclusivity agreement is typically used in a vertical buyer-seller relationship in which a buyer agrees to buy exclusively from the seller. Other names in this document: exclusivity contract, exclusivity contract form Both parties agree that they are required to comply with this exclusivity agreement in their entirety at all times. If [PARTY A] [PART B] notifies in writing that it terminates discussions on the potential transaction, [PARTY B] may immediately terminate the exclusivity period and all exclusivity obligations of [PARTY B] terminate in accordance with this clause. Exclusivity clauses are often perceived in commercial leases. An “anchor tenant” in an office building, mall or other commercial building whose presence helps attract customers and other tenants may find this type of clause. In this case, an exclusivity clause could prevent the commercial owner or management from renting to the anchor tenant`s competitors on the same site. An exclusivity agreement can contain a large number of details, depending on the conditions required by each party. However, most of them will follow a similar structure. Indicate the name and surname of each of the parties involved and the date the agreement was drawn up. It is clear that both sides decided to conclude the agreement on the basis of their interest and free will. Then outline the conditions on which both parties agree. During the provision of services under this Agreement and for a period of twelve months therewith, the Agency shall not provide services to undertakings competing with the client.
The seller reserves the right to maintain and enforce the minimum selling prices recommended by the manufacturer for all products listed. Buyer agrees to sell all goods for the duration of this Exclusivity Agreement at at least the EIA prices set out below. A new business partnership can lead to exciting opportunities and higher revenue. If you enter into a partnership involving the purchase and sale of goods, you can use an exclusivity agreement to define the terms. This exclusivity contract exists between two or more parties to purchase goods exclusively from a seller, so the seller is the sole supplier of the goods. Discuss the terms of payment of the agreement, including any discounts, deposits and taxes that are required or given. Find out how the seller makes invoices and late payment fees or options available to the buyer. You can insert a section that covers the action required when a party terminates the agreement. The seller may ask the buyer to purchase a certain number of units at a set price….