exclusive agency
The right to represent a principal ¡ª esp. either to sell the principal’s products or to act as the seller’s real-estate agent ¡ª within a particular market free from competition.
? Strictly speaking, an exclusive agency merely excludes all other brokers, but not the owner, from selling the products or property.
¡ª Also termed exclusive agency to sell; exclusive franchise; sole selling agency. Cf. EXCLUSIVE RIGHT OF SALE.
What is the preferred translation of the term exclusive agency by Chinese lawyers?
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