an agreement under which the seller has agreed with the prospective purchaser not to negotiate with any other potential buyers for a specified period The seller was prevented, under the exclusivity agreement, from actively seeking other prospective buyers for a specified period.
- The property was sold to another company in breach of the exclusivity agreement.
- The term (=period of validity) of the exclusivity agreement is stated in section 3.
- The relationship between the buyer and seller was governed by the terms of an exclusivity agreement.
- They were not even allowed to mention the existence of the exclusivity agreement.