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.