Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

EXCLUSIVE DISTRIBUTION

Agreed-to restriction allowing a specific seller/marketer/distributor to represent a particular line of goods of services to a specific market or retail area. An example is an new line of clothing being marketed

EXCLUSIVE ECONOMIC ZONE

Area up to 200 miles (321.87 Km) offshore is the exclusive area of resource management by the government and country owning that coast. Free navigation is allowed by all countries beyond 12

EXCLUSIVE LICENSE

Certified allowance of a person or entity to conduct specified activities in a specified area or industry for a specified amount time, involving specified goods and/or services. Certified allowance of another person

EXCLUSIVE LISTING

Formally agreed-to restriction allowing a real estate agent to be the sole marketer of a property, typically for a 3-month period. The property owner can sell to anyone the owner finds and

EXCLUSIVE PROVIDER ORGANIZATION

A primary care doctor having a preferred providers group or organization for referring patients instead choosing off a list of preferred providers.

EXCLUSIVE RIGHT TO SELL LISTING

Formally agreed-to restriction allowing a real estate agent to be the sole seller of a property, typically for a 3-month period. The property owner can find anyone, but must bring that prospective

EXCULPATE

Removing blame or accusation from a person. Typically for a non-criminal act, like a traffic accident. There is nothing illegal or immoral or criminal in this action. Contrast and refer to acquit

EXCULPATORY CLAUSE

An agreed-to condition (1) preventing blame or liability on one party due to the improper behavior of the other party; (2) preventing liability on one party due to not meeting all of

EXCURSION

A planned trip, ending where it starts, time-bound, following a specified route.

EXCURSION FARE

Cost of enjoying an excursion. Often discounted, with some restrictions, like limited services or meals.

EXCURSION LIMIT

Specified, time-bound (typically 30 minutes), restricted exposure allowed to something unhealthy, even deadly. Meaningful especially in health and safety regulations.

EXCURSIONIST

One who enjoys an excursion. In the Travel industry, it names a person staying in a country less than 24 hours.

EX-DATE

The point in time after which the share buyer has no rights to dividends in this cycle. Prior and on this date dividend rights exist. This date is typically set as two

EX-DIVIDEND

(1) A share of COMMON STOCK without any rights to the current period DIVIDEND. (2) The time period between the announcement and payment of dividends.

EX-DIVIDEND DATE

Equals a stock’s ex-dividend period’s first day. On and after this date until dividend payout date, a buyer of these shares will not earn the dividend yield. Known also as the reinvestment

EXECUTED CONSIDERATION

The payoff, regardless of how or what, on a completed promise. Refer to executory consideration.

EXECUTED CONTRACT

1. Completed signing by all parties of a contract. 2. Completed all listed contractual actions.

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