exclusivity Meaning in the Cambridge English Dictionary

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 ​retailssales. Astra's ​global market exclusivity on the ​drugended 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 ​socialclass: If a ​productlowers its ​quality it will not ​retain its exclusivity as a ​luxurybrand.
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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