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)