A North Dakota Dealers Agreement is a legally binding contract between Active Assets Premier Money Trust (ADAPT) and Morgan Stanley Dean Witter Advisors, Inc. (MSW) that outlines the terms and conditions for the sale and purchase of financial products or securities in the state of North Dakota. This agreement establishes a partnership between ADAPT and MSW, allowing To ADAPT to act as a dealer and distribute MSW's financial products to clients in North Dakota. Keywords: North Dakota Dealers Agreement, Active Assets Premier Money Trust, Morgan Stanley Dean Witter Advisors, financial products, securities, sale, purchase, partnership, dealer, distribution, clients. Types of North Dakota Dealers Agreements between ADAPT and MSW may include: 1. General Dealers Agreement: This is the standard agreement that governs the overall partnership between ADAPT and MSW. It outlines the roles, responsibilities, and obligations of both parties, and the terms and conditions for the sale and distribution of financial products in North Dakota. 2. Exclusive Dealers Agreement: In certain cases, ADAPT and MSW may enter into an exclusive dealers' agreement, where ADAPT becomes the sole dealer authorized to distribute MSW's financial products in North Dakota. This type of agreement typically grants ADAPT exclusive rights and may include additional benefits or incentives for being the exclusive dealer. 3. Limited Dealers Agreement: A limited dealers' agreement may be established for a specific period or for a specific subset of MSW's financial products. This type of agreement allows Adapting to focus on a particular niche or market segment within North Dakota, providing specialized services for those specific financial products. 4. Performance-based Dealers Agreement: In some instances, ADAPT and MSW may agree upon a performance-based dealers agreement. This agreement sets specific performance targets or goals for ADAPT to achieve in terms of sales, distribution numbers, or other agreed-upon metrics. Rewards or penalties may be outlined based on the achievement of these targets. 5. Renewal Dealers Agreement: Once the initial North Dakota Dealers Agreement term has expired, ADAPT and MSW may choose to renew the agreement for a further period. This renewal dealers agreement typically includes any necessary amendments or updates to reflect changes in the market or regulatory environment. 6. Non-Compete Dealers Agreement: In certain cases, ADAPT and MSW may include a non-compete clause within the dealers' agreement. This clause prohibits ADAPT from engaging in similar partnerships or distribution agreements with other financial institutions or competitors operating in North Dakota, ensuring exclusivity between ADAPT and MSW. By establishing various types of North Dakota Dealers Agreements, ADAPT and MSW can adapt their partnership to suit different business needs, market conditions, or regulatory requirements, while facilitating the distribution of financial products to clients in North Dakota.
North Dakota Dealers Agreement between Active Assets Premier Money Trust and Morgan Stanley Dean Witter Advisors, Inc.
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