Maryland 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 Maryland Distribution Agreement is a legally-binding contract between a mutual fund and a distributor, outlining the terms and conditions for the continuous offering of the fund's shares. This agreement governs the relationship and responsibilities of both parties involved in the distribution process. Keywords: Maryland Distribution Agreement, continuous offering, Fund's shares, mutual fund, distributor, terms and conditions, relationship, responsibilities. There can be different types of Maryland Distribution Agreements pertaining to the continuous offering of a mutual fund's shares. Some commonly known types include: 1. Initial Distribution Agreement: This type of agreement is signed between a mutual fund and a distributor at the inception of the fund's offering. It sets the initial terms and conditions for the distribution of the fund's shares during the early phases. 2. Renewal Distribution Agreement: As the name suggests, a renewal distribution agreement is signed between a mutual fund and a distributor when the initial agreement expires. It allows for the continued offering of the fund's shares, usually for a specified period, often after reviewing the performance and success of the initial agreement. 3. Revised Distribution Agreement: This type of agreement is executed when there is a need to modify or amend the terms and conditions of the existing distribution agreement due to changing circumstances, regulations, or business requirements. It ensures that both parties are aligned with the revised terms for the continuous offering of the fund's shares. 4. Exclusive Distribution Agreement: Under this agreement, a mutual fund appoints a single distributor exclusively to handle the continuous offering of the fund's shares. It prohibits other distributors from marketing or selling the fund's shares, creating an exclusive partnership between the fund and the selected distributor. 5. Non-Exclusive Distribution Agreement: In contrast to the exclusive distribution agreement, the non-exclusive distribution agreement allows a mutual fund to engage multiple distributors for the continuous offering of its shares. This arrangement provides flexibility and widens the distribution network of the fund, allowing multi-channel distribution. 6. Sub-Distribution Agreement: A sub-distribution agreement is signed between a distributor and a sub-distributor, where the distributor delegates its distribution rights of the fund's shares to the sub-distributor. This agreement outlines the terms and conditions under which the sub-distributor can offer and sell the fund's shares on behalf of the distributor. In conclusion, a Maryland Distribution Agreement facilitates the continuous offering of a mutual fund's shares. The agreement can take various forms depending on the stage of the fund's offering, the need for revisions, exclusivity arrangements, and the involvement of sub-distributors. It is imperative for both the mutual fund and the distributor to carefully negotiate and execute the agreement to ensure a smooth and compliant distribution process.

Maryland Distribution Agreement is a legally-binding contract between a mutual fund and a distributor, outlining the terms and conditions for the continuous offering of the fund's shares. This agreement governs the relationship and responsibilities of both parties involved in the distribution process. Keywords: Maryland Distribution Agreement, continuous offering, Fund's shares, mutual fund, distributor, terms and conditions, relationship, responsibilities. There can be different types of Maryland Distribution Agreements pertaining to the continuous offering of a mutual fund's shares. Some commonly known types include: 1. Initial Distribution Agreement: This type of agreement is signed between a mutual fund and a distributor at the inception of the fund's offering. It sets the initial terms and conditions for the distribution of the fund's shares during the early phases. 2. Renewal Distribution Agreement: As the name suggests, a renewal distribution agreement is signed between a mutual fund and a distributor when the initial agreement expires. It allows for the continued offering of the fund's shares, usually for a specified period, often after reviewing the performance and success of the initial agreement. 3. Revised Distribution Agreement: This type of agreement is executed when there is a need to modify or amend the terms and conditions of the existing distribution agreement due to changing circumstances, regulations, or business requirements. It ensures that both parties are aligned with the revised terms for the continuous offering of the fund's shares. 4. Exclusive Distribution Agreement: Under this agreement, a mutual fund appoints a single distributor exclusively to handle the continuous offering of the fund's shares. It prohibits other distributors from marketing or selling the fund's shares, creating an exclusive partnership between the fund and the selected distributor. 5. Non-Exclusive Distribution Agreement: In contrast to the exclusive distribution agreement, the non-exclusive distribution agreement allows a mutual fund to engage multiple distributors for the continuous offering of its shares. This arrangement provides flexibility and widens the distribution network of the fund, allowing multi-channel distribution. 6. Sub-Distribution Agreement: A sub-distribution agreement is signed between a distributor and a sub-distributor, where the distributor delegates its distribution rights of the fund's shares to the sub-distributor. This agreement outlines the terms and conditions under which the sub-distributor can offer and sell the fund's shares on behalf of the distributor. In conclusion, a Maryland Distribution Agreement facilitates the continuous offering of a mutual fund's shares. The agreement can take various forms depending on the stage of the fund's offering, the need for revisions, exclusivity arrangements, and the involvement of sub-distributors. It is imperative for both the mutual fund and the distributor to carefully negotiate and execute the agreement to ensure a smooth and compliant distribution process.