Minnesota Statutes 325F.986 – Exclusivity Agreements
Current as of: 2023 | Check for updates
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Subdivision 1.Writing required.
Every exclusivity agreement must be in writing and signed by the party against whom the agreement is sought to be enforced.
Subd. 2.Obligation.
Terms Used In Minnesota Statutes 325F.986
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Terms Used In Minnesota Statutes 325F.986
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
A lawful exclusivity agreement imposes, unless otherwise provided in the agreement, an obligation by the private label purchaser to use reasonable efforts in the development and promotion of the sale of the private label goods within the geographical territory covered by that exclusivity agreement.