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Law

Of or pertaining to the system of rules which a particular country or community recognizes as regulating the actions of its members and which it may enforce by the imposition of penalties.

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Law > Contracts

exculpatory clause

Law; Contracts

A provision in a contract under which either of two things is stipulated: (1) one party is relieved of any blame or liability arising from the other party's wrongdoing, or (2) one ...

exclusive right to sell

Law; Contracts

Alternative term for exclusive right to sell listing.

exclusive listing

Law; Contracts

Formal agreement under which a real estate agent has the sole right to sell a specified property, usually within three months. During this period the seller cannot list the ...

exclusive license

Law; Contracts

License limited to a specific scope or field, such as context, market, territory, or time. 'Exclusive' does not mean 'one and only' license granted, but only that the licensor ...

exclusive distribution

Law; Contracts

Situation where suppliers and distributors enter into an exclusive agreement that only allows the named distributor to sell a specific product. For example, Apple had an exclusive ...

exclusive dealership agreement

Law; Contracts

An alternative term for exclusive agency agreement.

exclusive agreement

Law; Contracts

A type of agreement whereby a person is made to be the sole agent for selling a particular product or service within a specific market or demographic area.