exclusive agency

exclusive agency
exclusive agency see agency 2a

Merriam-Webster’s Dictionary of Law. . 1996.

exclusive agency
Grant to an agent of exclusive right to sell within a particular market or area.
A contract to give an exclusive agency to deal with property is ordinarily interpreted as not precluding competition by the principal generally, but only as precluding him or her from appointing another agent to accomplish the result. The grant of an exclusive agency to sell, that is, the exclusive right to sell the products of a wholesaler in a specified territory, ordinarily is interpreted as precluding competition in any form within the designated area.

Dictionary from West's Encyclopedia of American Law. 2005.


exclusive agency
Grant to an agent of exclusive right to sell within a particular market or area.
 
A contract to give an exclusive agency to deal with property is ordinarily interpreted as not precluding competition by the principal generally, but only as precluding him or her from appointing another agent to accomplish the result. The grant of an exclusive agency to sell, that is, the exclusive right to sell the products of a wholesaler in a specified territory, ordinarily is interpreted as precluding competition in any form within the designated area.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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Look at other dictionaries:

  • exclusive agency — A term embracing three classes of situations: (1) where the contract does not prevent the principal from making direct sales but deprives him of the right to appoint other agents; (2) where the agent is the only one with any right to sell; and… …   Ballentine's law dictionary

  • exclusive agency listing — see listing Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • exclusive agency listing — Agreement between a property owner and a real estate broker whereby the owner promises to pay a fee or commission to broker if his real property is sold during the listing period, regardless of whether the broker is responsible for the sale.… …   Black's law dictionary

  • exclusive agency listing — Agreement between a property owner and a real estate broker whereby the owner promises to pay a fee or commission to broker if his real property is sold during the listing period, regardless of whether the broker is responsible for the sale.… …   Black's law dictionary

  • exclusive agency to sell — See exclusive agency …   Ballentine's law dictionary

  • agency — agen·cy n pl cies 1: the person or thing through which power is exerted or an end is achieved death by criminal agency W. R. LaFave and A. W. Scott, Jr. 2 a: a consensual fiduciary relationship in which one party acts on behalf of and under the… …   Law dictionary

  • exclusive — ex·clu·sive adj 1 a: excluding or having power to exclude others exclusive right to their respective writings and discoveries U.S. Constitution art. I b: being independent from or not shared by others: sole …   Law dictionary

  • exclusive license — Exclusive right granted by patent holder to licensee to use, manufacture, and sell patented article. Permission to do thing and contract not to give leave to any one else to do same thing. Overman Cushion Tire Co. v. Goodyear Tire & Rubber Co., C …   Black's law dictionary

  • exclusive license — Exclusive right granted by patent holder to licensee to use, manufacture, and sell patented article. Permission to do thing and contract not to give leave to any one else to do same thing. Overman Cushion Tire Co. v. Goodyear Tire & Rubber Co., C …   Black's law dictionary

  • agency — A relationship between two persons, by agreement or otherwise, where one (the agent) may act on behalf of the other (the principal) and bind the principal by words and actions. Relation in which one person acts for or represents another by latter …   Black's law dictionary

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