Theodore Lowe, Ap #867-859
Sit Rd, Azusa New York
Find us here
Exclusivity Lockout Agreement | Download Free Templates
Team Lawyered
1. What is an Exclusivity Lockout agreement?
It is generally witnessed that many business houses enter into exclusive lockout agreements or add this clause in their vendor agreements. This exclusive lockout agreement bars the parties to the agreement from entering into any business transaction with the other party for a definite period agreed. This agreement/ clause is a covenant as it restricts the rights of the party. Time is the primary clause of this agreement.
2. Why is it important?
a. It helps in maintaining the exclusivity of the party to each other for some definite period.
b. It helps in the protection of intellectual property and confidential information c. It also benefits any individual or company who uses the intellectual property and earns profits.
|
To access this Sample Agreement / Template, please fill in the details below and it will be emailed to you shortly.
Team Lawyered
Lawyered is a legal tech initiative designed to change the way people interact with and within the legal industry. We believe that access to critical services like legal should be just a click away. Our team is working to bring legal online, making it cost effective, high quality and accessible for all.
Sophie Asveld
February 14, 2019
Email is a crucial channel in any marketing mix, and never has this been truer than for today’s entrepreneur. Curious what to say.
Sophie Asveld
February 14, 2019
Email is a crucial channel in any marketing mix, and never has this been truer than for today’s entrepreneur. Curious what to say.