An Exclusive Supply Agreement is an official contract between two parties that ensures a steady and exclusive supply of goods or services. It gives one party the right to be the only supplier of a particular product or service, prohibiting any other party from providing the same material or service. This agreement might involve different “terms and conditions” such as pricing and delivery times, but ensures that the agreement remains exclusive during its duration. An Exclusive Supply Agreement can provide added security and streamlined processes, making it a valuable asset for many major businesses.