Indiana Distribution Agreement regarding the continuous offering of the Fund's shares

• Category: Corporations - Public - Distribution
• State: Multi-State
• Control #: US-EG-9373
• Format: Word; Rich Text

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 The Indiana Distribution Agreement is a legally binding contract formed between a company and a distributor, outlining the terms and conditions for the continuous offering of shares of investment funds within the state of Indiana. This agreement is specifically tailored to comply with the regulations and requirements set forth by the state's securities laws. The Indiana Distribution Agreement serves as a mechanism to establish a mutually beneficial relationship between the investment fund and the distributor. It provides clarity on the responsibilities, rights, and obligations of both parties involved in the distribution process, ensuring transparency and compliance with relevant laws. The agreement typically contains the following key elements: 1. Parties Involved: The agreement identifies the investment fund company and the distributor as the primary parties involved in the distribution arrangement. The contact details and legal information of both parties are included. 2. Scope of Distribution: The agreement defines the specific investment funds or securities that are subject to continuous offering by the distributor. It may also outline any limitations on the types of investors or locations where the distribution can take place. 3. Terms and Conditions: This section outlines the duration of the agreement, which can be for a fixed period or ongoing until terminated by either party. It also covers the exclusivity rights granted to the distributor, if any, and any performance targets that need to be met. 4. Sales and Marketing: The agreement details the marketing and sales strategies to be employed by the distributor, including promotional materials, advertising campaigns, and disclosure requirements. It may include provisions for approval processes regarding advertising materials to ensure regulatory compliance. 5. Compensation: The compensation structure and terms of payment are delineated in this section. It specifies the fees, commissions, or other compensation that the distributor is entitled to based on the value or volume of shares sold, as well as any expense reimbursements. 6. Representations and Warranties: The agreement may include representations and warranties made by both parties, affirming their authority to enter into the agreement and compliance with relevant laws and regulations. It may also cover indemnification and liability provisions. Different types of Indiana Distribution Agreement regarding the continuous offering of the Fund's shares may include: 1. Exclusive Distribution Agreement: This type of agreement grants exclusive distribution rights to a single distributor within the state of Indiana, prohibiting other distributors from offering the same investment funds. 2. Non-Exclusive Distribution Agreement: In contrast to the exclusive agreement, this type allows multiple distributors to offer the investment funds within Indiana simultaneously. This arrangement provides the investment fund with more distribution channels but may result in competition among the distributors. 3. Limited Distribution Agreement: This agreement restricts the distribution of the investment funds to specific types of investors or geographic regions within Indiana. It may target institutional investors, accredited investors, or other qualified individuals, depending on the nature of the funds. In conclusion, the Indiana Distribution Agreement is a comprehensive contract that governs the continuous offering of a fund's shares in Indiana. It safeguards the interests of both parties involved and ensures compliance with state securities laws, thereby facilitating the effective distribution and sale of investment fund shares in the state.

The Indiana Distribution Agreement is a legally binding contract formed between a company and a distributor, outlining the terms and conditions for the continuous offering of shares of investment funds within the state of Indiana. This agreement is specifically tailored to comply with the regulations and requirements set forth by the state's securities laws. The Indiana Distribution Agreement serves as a mechanism to establish a mutually beneficial relationship between the investment fund and the distributor. It provides clarity on the responsibilities, rights, and obligations of both parties involved in the distribution process, ensuring transparency and compliance with relevant laws. The agreement typically contains the following key elements: 1. Parties Involved: The agreement identifies the investment fund company and the distributor as the primary parties involved in the distribution arrangement. The contact details and legal information of both parties are included. 2. Scope of Distribution: The agreement defines the specific investment funds or securities that are subject to continuous offering by the distributor. It may also outline any limitations on the types of investors or locations where the distribution can take place. 3. Terms and Conditions: This section outlines the duration of the agreement, which can be for a fixed period or ongoing until terminated by either party. It also covers the exclusivity rights granted to the distributor, if any, and any performance targets that need to be met. 4. Sales and Marketing: The agreement details the marketing and sales strategies to be employed by the distributor, including promotional materials, advertising campaigns, and disclosure requirements. It may include provisions for approval processes regarding advertising materials to ensure regulatory compliance. 5. Compensation: The compensation structure and terms of payment are delineated in this section. It specifies the fees, commissions, or other compensation that the distributor is entitled to based on the value or volume of shares sold, as well as any expense reimbursements. 6. Representations and Warranties: The agreement may include representations and warranties made by both parties, affirming their authority to enter into the agreement and compliance with relevant laws and regulations. It may also cover indemnification and liability provisions. Different types of Indiana Distribution Agreement regarding the continuous offering of the Fund's shares may include: 1. Exclusive Distribution Agreement: This type of agreement grants exclusive distribution rights to a single distributor within the state of Indiana, prohibiting other distributors from offering the same investment funds. 2. Non-Exclusive Distribution Agreement: In contrast to the exclusive agreement, this type allows multiple distributors to offer the investment funds within Indiana simultaneously. This arrangement provides the investment fund with more distribution channels but may result in competition among the distributors. 3. Limited Distribution Agreement: This agreement restricts the distribution of the investment funds to specific types of investors or geographic regions within Indiana. It may target institutional investors, accredited investors, or other qualified individuals, depending on the nature of the funds. In conclusion, the Indiana Distribution Agreement is a comprehensive contract that governs the continuous offering of a fund's shares in Indiana. It safeguards the interests of both parties involved and ensures compliance with state securities laws, thereby facilitating the effective distribution and sale of investment fund shares in the state.