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An Exclusive Use Agreement is essential when one party wishes to secure sole rights to use or exploit particular assets, property, or rights while preventing others from doing so. This document, governed by English and Welsh law, establishes the terms under which such exclusive rights are granted, including duration, territory, and payment terms. It's particularly important in commercial arrangements where exclusivity provides strategic advantage or operational necessity. The agreement must carefully balance the interests of both parties while ensuring compliance with competition law and other relevant regulations.
