New Jersey 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 A New Jersey Distribution Agreement is a legal contract specifying the terms and conditions surrounding the continuous offering of a fund's shares in the state of New Jersey. This agreement outlines the relationship and responsibilities of the fund issuer, also known as the distributor, and the authorized selling agents or broker-dealers operating in New Jersey. The New Jersey Distribution Agreement aims to ensure compliance with state laws and regulations governing the sale and distribution of investment funds within the state. It typically covers the following key aspects: 1. Parties Involved: The agreement identifies the fund issuer, distributor, and authorized selling agents or broker-dealers who will participate in the distribution of the fund's shares in New Jersey. 2. Offering Details: It outlines the specific investment fund being offered, including its name, symbol, share classes, and any additional terms or features unique to the fund. 3. Distribution Rights: The agreement grants the distributor the exclusive right to distribute the fund's shares in New Jersey and defines the distribution territories, which may be limited to specific areas within the state. 4. Compliance and Registration: The agreement ensures that all parties adhere to the securities laws and regulations established by the state of New Jersey. It outlines the necessary registrations, filings, and ongoing reporting requirements to maintain compliance. 5. Sales and Marketing: It delineates the distributor's responsibilities in terms of promoting the fund's shares, including sales efforts, marketing materials, and advertisement compliance with state regulations. 6. Compensation and Fees: The agreement specifies the compensation structure for the distributor, including sales loads, dealer concessions, trailing commissions, and any other forms of remuneration. 7. Termination and Amendment: It sets out the conditions under which either party can terminate the agreement, including breach of terms, regulatory changes, or mutual consent. Additionally, it may outline provisions for amending the agreement when necessary. 8. Indemnification: The agreement typically includes indemnification provisions to protect both parties from liabilities arising from claims, lawsuits, or regulatory actions related to the distribution of the fund's shares in New Jersey. Different types of New Jersey Distribution Agreements may exist based on factors such as the fund's investment strategy, share class structure, or distribution channels. For example, an agreement could be specific to a single fund or cover multiple funds managed by the same investment company. Similarly, agreements could be categorized based on distribution channels, such as agreements with broker-dealer firms, registered investment advisors, or direct-to-consumer platforms. In conclusion, a New Jersey Distribution Agreement is a legally binding document that governs the continuous offering of a fund's shares in the state of New Jersey. It establishes the rights, obligations, and responsibilities of the fund issuer and the authorized selling agents, ensuring compliance with state regulations and providing clarity on various aspects of the distribution process.

A New Jersey Distribution Agreement is a legal contract specifying the terms and conditions surrounding the continuous offering of a fund's shares in the state of New Jersey. This agreement outlines the relationship and responsibilities of the fund issuer, also known as the distributor, and the authorized selling agents or broker-dealers operating in New Jersey. The New Jersey Distribution Agreement aims to ensure compliance with state laws and regulations governing the sale and distribution of investment funds within the state. It typically covers the following key aspects: 1. Parties Involved: The agreement identifies the fund issuer, distributor, and authorized selling agents or broker-dealers who will participate in the distribution of the fund's shares in New Jersey. 2. Offering Details: It outlines the specific investment fund being offered, including its name, symbol, share classes, and any additional terms or features unique to the fund. 3. Distribution Rights: The agreement grants the distributor the exclusive right to distribute the fund's shares in New Jersey and defines the distribution territories, which may be limited to specific areas within the state. 4. Compliance and Registration: The agreement ensures that all parties adhere to the securities laws and regulations established by the state of New Jersey. It outlines the necessary registrations, filings, and ongoing reporting requirements to maintain compliance. 5. Sales and Marketing: It delineates the distributor's responsibilities in terms of promoting the fund's shares, including sales efforts, marketing materials, and advertisement compliance with state regulations. 6. Compensation and Fees: The agreement specifies the compensation structure for the distributor, including sales loads, dealer concessions, trailing commissions, and any other forms of remuneration. 7. Termination and Amendment: It sets out the conditions under which either party can terminate the agreement, including breach of terms, regulatory changes, or mutual consent. Additionally, it may outline provisions for amending the agreement when necessary. 8. Indemnification: The agreement typically includes indemnification provisions to protect both parties from liabilities arising from claims, lawsuits, or regulatory actions related to the distribution of the fund's shares in New Jersey. Different types of New Jersey Distribution Agreements may exist based on factors such as the fund's investment strategy, share class structure, or distribution channels. For example, an agreement could be specific to a single fund or cover multiple funds managed by the same investment company. Similarly, agreements could be categorized based on distribution channels, such as agreements with broker-dealer firms, registered investment advisors, or direct-to-consumer platforms. In conclusion, a New Jersey Distribution Agreement is a legally binding document that governs the continuous offering of a fund's shares in the state of New Jersey. It establishes the rights, obligations, and responsibilities of the fund issuer and the authorized selling agents, ensuring compliance with state regulations and providing clarity on various aspects of the distribution process.