Illinois Distribution Agreement is a legal document that governs the continuous offering of a fund's shares in Illinois. It outlines the terms and conditions of the distribution arrangement between the fund and its distribution partners, ensuring compliance with state laws and regulations. The agreement typically covers various aspects, including the responsibilities and obligations of the parties involved, the distribution channels to be utilized, the compensation structure for the distribution services, and the disclosure requirements for investors. It also ensures that the distribution partners adhere to the applicable rules and regulations set forth by the Illinois Securities Act and the Securities Exchange Act of 1934. Key provisions in the Illinois Distribution Agreement may include: 1. Scope and Term: The agreement clearly defines the geographical scope within which the distribution arrangement is applicable (in this case, Illinois) and specifies the duration for which the agreement remains in effect. 2. Appointment of Distributors: The agreement may outline the process of appointing distribution partners or intermediaries authorized to sell the fund's shares in Illinois. It may specify the criteria for selection, termination, or replacement of distributors. 3. Selling and Marketing Responsibilities: The agreement details the specific responsibilities and marketing activities expected from the distribution partners, such as advertising, promotional campaigns, and client support. It may also outline any restrictions or guidelines imposed on the marketing methods employed. 4. Compensation and Fees: The agreement stipulates the compensation structure for the distribution partners, including commissions or fees paid for the sale of the fund's shares. It may also address the reimbursement of certain expenses incurred by the distributors in carrying out their duties. 5. Compliance and Regulatory Matters: The agreement ensures that the distribution partners comply with all necessary legal and regulatory requirements in Illinois. This includes maintaining records, submitting necessary reports to regulatory bodies, and obtaining any required licenses or registrations. 6. Indemnification and Liability: The agreement may include provisions relating to indemnification of the distribution partners by the fund, protecting them against any claims or liabilities arising from their distribution activities, subject to certain limitations. Regarding different types of Illinois Distribution Agreement pertaining to the continuous offering of the Fund's shares, they may be categorized based on the nature of the distribution partners involved. For instance: 1. Sales Agent Agreement: This type of agreement involves engaging sales agents who act as intermediaries between the fund and investors, facilitating the sale of the fund's shares. Sales agents may include broker-dealers, registered investment advisors, or financial institutions. 2. Sub-Distribution Agreement: In cases where a primary distributor enters into agreements with sub-distributors, who directly market and sell the fund's shares to investors, a sub-distribution agreement may be established. This agreement governs the relationship between the primary distributor, sub-distributors, and the fund. These variations may encompass similar key provisions as outlined above, tailored to the specific roles and responsibilities of the involved parties. Disclaimer: This response is provided for informational purposes only and should not be considered as legal advice. It is recommended to consult with a qualified attorney for specific guidance on Illinois Distribution Agreements.
Illinois Distribution Agreement regarding the continuous offering of the Fund's shares
Category:
State:
Multi-State
Control #:
US-EG-9373
Format:
Word;
Rich Text
Instant download
Description
Distribution Agreement between Prudential Tax-Managed Growth Fund and Prudential Investment Management Services, LLC regarding the continuous offering of the Fund's shares in order to promote the growth of the Fund and facilitate the distribution of the
Illinois Distribution Agreement is a legal document that governs the continuous offering of a fund's shares in Illinois. It outlines the terms and conditions of the distribution arrangement between the fund and its distribution partners, ensuring compliance with state laws and regulations. The agreement typically covers various aspects, including the responsibilities and obligations of the parties involved, the distribution channels to be utilized, the compensation structure for the distribution services, and the disclosure requirements for investors. It also ensures that the distribution partners adhere to the applicable rules and regulations set forth by the Illinois Securities Act and the Securities Exchange Act of 1934. Key provisions in the Illinois Distribution Agreement may include: 1. Scope and Term: The agreement clearly defines the geographical scope within which the distribution arrangement is applicable (in this case, Illinois) and specifies the duration for which the agreement remains in effect. 2. Appointment of Distributors: The agreement may outline the process of appointing distribution partners or intermediaries authorized to sell the fund's shares in Illinois. It may specify the criteria for selection, termination, or replacement of distributors. 3. Selling and Marketing Responsibilities: The agreement details the specific responsibilities and marketing activities expected from the distribution partners, such as advertising, promotional campaigns, and client support. It may also outline any restrictions or guidelines imposed on the marketing methods employed. 4. Compensation and Fees: The agreement stipulates the compensation structure for the distribution partners, including commissions or fees paid for the sale of the fund's shares. It may also address the reimbursement of certain expenses incurred by the distributors in carrying out their duties. 5. Compliance and Regulatory Matters: The agreement ensures that the distribution partners comply with all necessary legal and regulatory requirements in Illinois. This includes maintaining records, submitting necessary reports to regulatory bodies, and obtaining any required licenses or registrations. 6. Indemnification and Liability: The agreement may include provisions relating to indemnification of the distribution partners by the fund, protecting them against any claims or liabilities arising from their distribution activities, subject to certain limitations. Regarding different types of Illinois Distribution Agreement pertaining to the continuous offering of the Fund's shares, they may be categorized based on the nature of the distribution partners involved. For instance: 1. Sales Agent Agreement: This type of agreement involves engaging sales agents who act as intermediaries between the fund and investors, facilitating the sale of the fund's shares. Sales agents may include broker-dealers, registered investment advisors, or financial institutions. 2. Sub-Distribution Agreement: In cases where a primary distributor enters into agreements with sub-distributors, who directly market and sell the fund's shares to investors, a sub-distribution agreement may be established. This agreement governs the relationship between the primary distributor, sub-distributors, and the fund. These variations may encompass similar key provisions as outlined above, tailored to the specific roles and responsibilities of the involved parties. Disclaimer: This response is provided for informational purposes only and should not be considered as legal advice. It is recommended to consult with a qualified attorney for specific guidance on Illinois Distribution Agreements.
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How to fill out Illinois Distribution Agreement Regarding The Continuous Offering Of The Fund's Shares?
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