Exclusivity Agreement Style 135

Exclusivity agreement is made between buyer, vendor and any third party involved. Parties agree to the following points that are non-solicitation and non-hire, exclusive right to the market vendor product, indemnification (one party agrees to bear financial costs for the losses sustained by the second party), law as per the territory and amendment agreement clause and duly signed by witnesses. Exclusivity clauses can be tricky between sellers and business brokers and often lead to problems. Sellers often claim that it is difficult to determine if the buyer was actually introduced by the business broker. Similarly, some sellers may feel that, although the buyer may have been introduced by the business broker, the actual deal was done without his/her assistance. Although this sometimes happens, this is not the real purpose of an exclusivity agreement. Before the fact, everyone was happy to be in on a good thing—especially a good thing with an air of exclusivity.

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