Section 32B-14-301 - Distributorship agreements in general. A distributorship agreement may be for a definite or indefinite period.By signing and submitting this form and payment for my Distributor License, I acknowledge that I am applying to become a Unicity Distributor. Distributor shall purchase the Products exclusively from Company for distribution in the Territory during the Term. Contract of indefinite duration until the distributor has been given a reasonable period of time to recoup its investment in the distributorship. Please fill out Business Entity Form and submit with this agreement. A license and distribution agreement is a legal, written contract between two parties who wish to share the rights to a brand, patent, or trademark. (c) the termination or nonrenewal does not violate the distributorship agreement.