Definition of Exclusive Right
An exclusive right is one which only the grantee thereof can exercise, and from which all others are prohibited or shut out.
Exclusive right to sell. An “exclusive right to sell” agreement listing real property for sale prohibits the owner from selling his property either by himself or through another broker without liability while the property is listed with the original broker. Foltz v. Begnoche, 222 Kan. 383, 565 P.2d 592, 595. See Exclusive agency listing.
That's the definition of Exclusive Right in Black's Law Dictionary 6th Edition. Courtesy of Cekhukum.com.