What is the definition of Exclusive Agency?

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What is the definition of Exclusive Agency?

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

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