North Dakota Distribution Agreement regarding contracts being sold and distributed through Broker or Dealer

• Category: Corporations - Public - Distribution
• State: Multi-State
• Control #: US-EG-9401
• Format: Word; Rich Text

Description

Principal Distribution Agreement between AFSG Securities Corporation and PFL Life Insurance Company regarding contracts being sold and distributed through Broker/Dealer dated October 11, 1999. 5 pages. North Dakota Distribution Agreement: Contracts Sold and Distributed through Broker or Dealer In North Dakota, a Distribution Agreement is a legally binding contract that covers the relationship between a company (the "Supplier") and a broker or dealer (the "Distributor") involved in the selling and distribution of contracts. This agreement outlines the rights, obligations, and responsibilities of both parties, ensuring a smooth and mutually beneficial working relationship. Under North Dakota law, there are several types of Distribution Agreements specifically tailored to contracts being sold and distributed through brokers or dealers. These agreements provide clarity and protection to both the Supplier and the Distributor, enabling them to operate within the state's legal framework. The key types of North Dakota Distribution Agreements include: 1. General Distribution Agreement: This is the most common type of Distribution Agreement in North Dakota. It defines the relationship between the Supplier and the Distributor, outlining the terms and conditions for the sale and distribution of contracts. Relevant keywords: Distribution Agreement, contracts, broker, dealer. 2. Exclusive Distribution Agreement: An exclusive agreement grants the Distributor exclusive rights to sell and distribute the Supplier's contracts in a specified territory or market segment. This type of agreement restricts the Supplier from appointing other brokers or dealers within the defined territory. Relevant keywords: Exclusive Distribution Agreement, exclusive rights, specified territory. 3. Non-Exclusive Distribution Agreement: In contrast to an exclusive agreement, a non-exclusive agreement allows the Supplier to appoint multiple brokers or dealers to sell and distribute the contracts. This type of agreement provides more flexibility for the Supplier, allowing them to tap into different markets and reach a wider customer base. Relevant keywords: Non-Exclusive Distribution Agreement, multiple brokers, multiple dealers. 4. Sub-Distribution Agreement: Under a sub-distribution agreement, the Distributor is given the right to appoint and manage sub-distributors within a designated area. The sub-distributor operates under the Distributor's supervision, effectively expanding the distribution network and increasing market coverage. Relevant keywords: Sub-Distribution Agreement, sub-distributor, designated area. 5. Commission-Based Distribution Agreement: This type of Distribution Agreement specifies that the Distributor receives a commission based on the sales generated from the contracts they distribute. The commission is typically a percentage of the contract value, incentivizing the Distributor to actively promote and sell the Supplier's contracts. Relevant keywords: Commission-Based Distribution Agreement, commission, sales. Each of these North Dakota Distribution Agreements serves a unique purpose and can be customized according to the specific needs of the Supplier and the Distributor. It is crucial for both parties to thoroughly review and understand the terms and conditions outlined in the agreement before entering into a contractual relationship. Seeking legal advice to ensure compliance with North Dakota laws and regulations is highly recommended when drafting or signing a Distribution Agreement.

North Dakota Distribution Agreement: Contracts Sold and Distributed through Broker or Dealer In North Dakota, a Distribution Agreement is a legally binding contract that covers the relationship between a company (the "Supplier") and a broker or dealer (the "Distributor") involved in the selling and distribution of contracts. This agreement outlines the rights, obligations, and responsibilities of both parties, ensuring a smooth and mutually beneficial working relationship. Under North Dakota law, there are several types of Distribution Agreements specifically tailored to contracts being sold and distributed through brokers or dealers. These agreements provide clarity and protection to both the Supplier and the Distributor, enabling them to operate within the state's legal framework. The key types of North Dakota Distribution Agreements include: 1. General Distribution Agreement: This is the most common type of Distribution Agreement in North Dakota. It defines the relationship between the Supplier and the Distributor, outlining the terms and conditions for the sale and distribution of contracts. Relevant keywords: Distribution Agreement, contracts, broker, dealer. 2. Exclusive Distribution Agreement: An exclusive agreement grants the Distributor exclusive rights to sell and distribute the Supplier's contracts in a specified territory or market segment. This type of agreement restricts the Supplier from appointing other brokers or dealers within the defined territory. Relevant keywords: Exclusive Distribution Agreement, exclusive rights, specified territory. 3. Non-Exclusive Distribution Agreement: In contrast to an exclusive agreement, a non-exclusive agreement allows the Supplier to appoint multiple brokers or dealers to sell and distribute the contracts. This type of agreement provides more flexibility for the Supplier, allowing them to tap into different markets and reach a wider customer base. Relevant keywords: Non-Exclusive Distribution Agreement, multiple brokers, multiple dealers. 4. Sub-Distribution Agreement: Under a sub-distribution agreement, the Distributor is given the right to appoint and manage sub-distributors within a designated area. The sub-distributor operates under the Distributor's supervision, effectively expanding the distribution network and increasing market coverage. Relevant keywords: Sub-Distribution Agreement, sub-distributor, designated area. 5. Commission-Based Distribution Agreement: This type of Distribution Agreement specifies that the Distributor receives a commission based on the sales generated from the contracts they distribute. The commission is typically a percentage of the contract value, incentivizing the Distributor to actively promote and sell the Supplier's contracts. Relevant keywords: Commission-Based Distribution Agreement, commission, sales. Each of these North Dakota Distribution Agreements serves a unique purpose and can be customized according to the specific needs of the Supplier and the Distributor. It is crucial for both parties to thoroughly review and understand the terms and conditions outlined in the agreement before entering into a contractual relationship. Seeking legal advice to ensure compliance with North Dakota laws and regulations is highly recommended when drafting or signing a Distribution Agreement.