Meaning of the word distributorship in English

What does distributorship mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

distributorship

UK /dɪˈstrɪbjʊtəˌʃɪp/

Noun

the legal agreement that allows a company to sell another company’s products or services to other businesses, stores, and customers:

Example:
During the term of the distributorship, the Distributor shall use the Trademarks in all advertisements and promotions of the Product.