Maryland Participation Agreement between First American Ins. Portfolios, Inc., and SET Investments Distribution Co. A Maryland Participation Agreement is a legally binding contract between First American Ins. Portfolios, Inc., and SET Investments Distribution Co. that outlines the terms and conditions of their partnership in the state of Maryland. This agreement governs the participation of First American Ins. Portfolios, Inc. as a financial institution and SET Investments Distribution Co. as a distribution company. Keywords: Maryland Participation Agreement, First American Ins. Portfolios, Inc., SET Investments Distribution Co., partnership, financial institution, distribution company. The Maryland Participation Agreement is designed to facilitate a collaborative relationship between both parties, allowing them to work together to achieve mutual goals. It lays out the rights and obligations of each party and serves as a framework for their collaboration within the state of Maryland. The agreement typically includes the following key elements: 1. Purpose and Scope: The agreement provides a clear explanation of the purpose of the partnership and outlines the scope of activities that both parties will engage in within Maryland. 2. Duration: The agreement specifies the duration of the partnership, whether it is a fixed term or continues indefinitely until terminated by either party. 3. Responsibilities: It delineates the specific responsibilities of First American Ins. Portfolios, Inc. and SET Investments Distribution Co., including marketing and distribution activities, compliance with regulatory requirements, customer support, and reporting obligations. 4. Compensation: The agreement establishes the compensation structure, including any fees, commissions, or profit-sharing arrangements that apply to the services provided by each party. 5. Termination Clause: This clause outlines the circumstances under which either party can terminate the agreement, such as breaches of terms, bankruptcy, or non-performance. Types of Maryland Participation Agreements: 1. Distribution Agreement: This type of agreement focuses on the distribution of financial products offered by First American Ins. Portfolios, Inc. through the services of SET Investments Distribution Co. It outlines the terms and conditions related to product distribution, marketing, and sales support. 2. Strategic Partnership Agreement: In a strategic partnership agreement, both parties collaborate closely to achieve common strategic goals. This type of agreement typically involves shared resources, joint marketing efforts, and coordination in delivering financial services to the Maryland market. By entering into a Maryland Participation Agreement, First American Ins. Portfolios, Inc. and SET Investments Distribution Co. create a mutually beneficial partnership within the state of Maryland. This agreement ensures that both parties can work together effectively, capitalize on each other's strengths, and comply with legal and regulatory obligations.
Maryland Participation Agreement between First American Ins. Portfolios, Inc., SEI Investments Distribution Co.
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