oboloo Glossary

Exclusivity Provision

oboloo Glossary

Exclusivity Provision

Exclusivity Provision is a business agreement put in place to provide exclusive rights for one party over another. It can take many forms, such as exclusive sales rights given to one company, or exclusive access to a certain product. These types of arrangements are common in the business world, and can be very beneficial for both parties involved. They allow one entity to maintain a competitive edge and protect their interests, while the other can benefit from having exclusive rights over the specified goods or services. By agreeing to an Exclusivity Provision, both parties enter into a mutually beneficial situation, where each can thrive with respect to their own interests.