An Exclusive Sales Agreement is a legally binding contract between two businesses or individuals, in which one party agrees to grant the other exclusive rights to distribute or sell its products or services. Under such an agreement, solely one authorized entity has the right to purchase and resell the product or service within a given market, geographic area, or timespan. This type of business arrangement offers numerous advantages over traditional non-exclusive arrangements, including increased profitability and control over how the product or service is marketed and sold.