What is the meaning of non-exclusive agreement?
not limited to only one person or organization, or to one group of people or organizations: a non-exclusive agreement/deal/licence They have entered into a non-exclusive distribution agreement.
What does you mean by non-exclusive?
adjective. not belonging to a particular individual or groupa nonexclusive deal.
What is another word for non-exclusive?
Find another word for non-exclusive. In this page you can discover 9 synonyms, antonyms, idiomatic expressions, and related words for non-exclusive, like: non-assignable, revocable, sub-licenseable, non-terminable, nonexclusive, royalty-bearing, nontransferable, and non-sublicensable.
What does non-exclusive mean in economics?
Non-excludable goods and excludable goods are opposites. The former means every single person can access a certain public good and consume it, while the latter refers to goods that restrict some people from using them. Excludable goods are private goods, while non-excludable goods are public goods.
What’s the difference between exclusive and non exclusive?
The difference between exclusive and non-exclusive agreement refers to how vendors and partners work with each other. Exclusive agreements exclude competitors for a set period of time, while non-exclusive agreements allow for competitors, often as motivating tools.
What is the difference between exclusive and non exclusive license?
A copyright exclusive license is one in which ownership in one or more rights is transferred by the copyright owner. A copyright nonexclusive license occurs when the owner retains ownership of the copyright and/or may license the same right to others.
What is the opposite of being exclusive?
The opposite of exclusive is inclusive, and the two terms are often used in discussions of how organizations and groups can be less exclusive and more inclusive.
What’s the meaning of mutually exclusive?
What Is Mutually Exclusive? Mutually exclusive is a statistical term describing two or more events that cannot happen simultaneously. It is commonly used to describe a situation where the occurrence of one outcome supersedes the other.
What is the difference between non exclusive and exclusive?
What is the meaning of exclusive agreement?
An exclusive agreement is one in which two or more parties agree to buy items solely from the seller named in the agreement.
What is an example of a non exclusive listing agreement?
The undersigned seller(s) (“Seller” or “Client”) agree to grant and the undersigned broker and its affiliated licensees (“Broker”) agree to accept the non- exclusive right and privilege to show and offer for sale the property described below (“Property”) as the agent of the Seller on the terms and conditions set forth …
Is a non exclusive contract good?
Non-exclusive agreements allow for competing partners. They don’t offer the comfort of exclusivity, but the competition can prove to be motivating. To avoid confusing customers, vendors must manage competing partners and avoid selling direct in the same market.
What is meant by exclusive agreement?
What is an Exclusivity Agreement? An exclusivity agreement is a legal contract between two parties that restricts one party (the “licensee”), usually an inventor, from selling its product to a certain purchaser (usually the other party) for a designated period of time.
What is the difference between exclusive and excluded?
To exclude means not to include, or to push out. Exclusive means to not allow other things or to be limited. It is also a term used to help sell things.
Is non inclusive the same as exclusive?
Inclusive often means to be taken in, to include. Exclusive is many times means pushing something out of some sort of group, thus creating an element of specialness because of restricted entrance. Being inclusive is typically the opposite of being exclusive.
What’s the opposite of mutually exclusive?
contrary, diametric. (or diametrical), opposing, opposite.
How do you prove mutually exclusive?
How to find if two events are mutually exclusive? If two events are mutually exclusive then the probability of both the events occurring at the same time is equal to zero. P(A and B) = 0.
What does exclusive mean in a contract?
What’s an exclusive contract? An exclusive contract is a legally binding agreement between at least two parties, which sets out that goods/services are to be purchased from only one seller, making that seller the exclusive provider of the goods/services.
What is exclusive and non-exclusive?
What is the difference between exclusive and non-exclusive license?
Why would a seller want an exclusive listing?
The Exclusive Listing Agreement establishes a ground for honesty, trust, and confidence between seller and broker. Such a relationship is important during the marketing process and through the closing of the sale or lease.
What does exclusive mean in legal terms?
Pertaining to the subject alone, not including, admitting, or pertaining to any others. Sole. Shutting out; debarring from interference or participation; vested in one person alone.
What are examples of exclusive?
Adjective He belongs to an exclusive club. She attended an exclusive private school. one of the city’s most exclusive restaurants They gave their exclusive attention to the job.
What is the difference between exclusive and excluding?
Is end date inclusive or exclusive?
inclusive
The start and end dates are strictly inclusive.