oboloo Glossary

Exclusive Agreement Contract

oboloo Glossary

Exclusive Agreement Contract

An Exclusive Agreement Contract is a legally binding document between two or more parties that states one party will provide exclusive goods, services, or property to the other. It may also stipulate that any third-party must be excluded from accessing the goods, services, or property in question. In essence, it gives one party exclusive rights to the specified goods, services, or property. An Exclusive Agreement Contract can be written and enforced at an individual or corporate level, depending on the particular needs of the parties involved. It provides security, protection, and clear expectations for both sides that can act as legal standing in court should the terms of the agreement be violated.