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Meaning of “exclusivity” in the English Dictionary

"exclusivity" in Business English

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exclusivitynoun [U]

uk   /ˌekskluːˈsɪvɪti/  us   /-əṱi/
the state of being the only person, group of people, or organization that is allowed to have or do something: grant/lose/retain exclusivity (on sth) The company which developed the hardware was granted one-year exclusivity on the retails sales. Astra's global market exclusivity on the drug ended last year. an exclusivity agreement/clause/deal
(also exclusiveness /ɪkˈskluːsɪvnəs/ ) the state of being expensive and of a high quality, and therefore only for people who are rich or of a high social class: If a product lowers its quality it will not retain its exclusivity as a luxury brand.
an agreement not to speak to other possible buyers while your business is being bought by a particular person or company: The two companies have an agreed period of exclusivity which prevents either seeking alternative buyers before the end of January 2011.
(Definition of exclusivity from the Cambridge Business English Dictionary © Cambridge University Press)
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“exclusivity” in Business English

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