Exclusivity (de jure)

De jure exclu­siv­i­ty refers to an exclu­sive sit­u­a­tion that exists as a result of a for­mal, legal, or con­trac­tu­al agree­ment. De jure exclu­siv­i­ty is grant­ed by law or through a legal­ly bind­ing con­tract that explic­it­ly out­lines the exclu­sive rights or priv­i­leges grant­ed to an indi­vid­ual, orga­ni­za­tion, or enti­ty. For instance, a com­pa­ny may hold a patent on a prod­uct, grant­i­ng it the exclu­sive right to man­u­fac­ture and sell that prod­uct, thus cre­at­ing de jure exclusivity.