exclusivity extensions

Exclusivity extensions refer to agreements that extend a partner’s or licensee’s exclusive rights to a product, service, or region beyond the original terms. This means they can keep operating without competition, often for an additional period, usually in exchange for extra payments or fulfilling specific conditions. These extensions help businesses maximize their investments, maintain market dominance, or ensure continued cooperation. They are common in licensing, distribution agreements, and patents, ensuring the holder maintains exclusivity for a longer time than initially agreed.