New Mexico 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. New Mexico Distribution Agreement for Contracts Sold and Distributed through Broker or Dealer A New Mexico Distribution Agreement is a legally binding contract that outlines the terms and conditions for the distribution of contracts through a broker or dealer in the state of New Mexico. This agreement sets forth the obligations and responsibilities of all parties involved, including the distributor, broker or dealer, and the contracting party. The New Mexico Distribution Agreement is designed to protect the interests of all parties by clearly defining their respective roles, rights, and obligations. It covers key aspects such as the scope of distribution, payment terms, sales targets, termination provisions, and dispute resolution mechanisms. In New Mexico, there may be different types of Distribution Agreements regarding contracts sold and distributed through a broker or dealer, including: 1. Exclusive Distribution Agreement: This type of agreement grants the broker or dealer exclusive rights to market and distribute the contracts in the specified territory or market segment. The distributor may be prohibited from appointing other brokers or dealers in the same territory. 2. Non-Exclusive Distribution Agreement: In this type of agreement, the broker or dealer is authorized to distribute the contracts, but the distributor is free to appoint other brokers or dealers in the same territory. This allows for more flexibility in reaching a wider market. 3. Limited Distribution Agreement: This agreement restricts the distribution of contracts to specific channels or outlets agreed upon by both parties. It may be limited to a particular geographic area or a specific target market. 4. Agency Agreement: Instead of acting as a broker or dealer, the distributor acts as an agent on behalf of the contracting party. The distributor is authorized to negotiate and enter into contracts with customers, but the legal relationship is between the contracting party and the customer. 5. Sub-Distribution Agreement: This type of agreement allows the broker or dealer to appoint sub-distributors to market and distribute the contracts on their behalf. The sub-distributors operate under the authority of the broker or dealer, who assumes responsibility for their actions. In conclusion, a New Mexico Distribution Agreement for contracts being sold and distributed through a broker or dealer is a crucial legal document that outlines the terms and conditions of the distribution arrangement. It provides clarity and protection to all parties involved and ensures a successful distribution process in the State of New Mexico.

New Mexico Distribution Agreement for Contracts Sold and Distributed through Broker or Dealer A New Mexico Distribution Agreement is a legally binding contract that outlines the terms and conditions for the distribution of contracts through a broker or dealer in the state of New Mexico. This agreement sets forth the obligations and responsibilities of all parties involved, including the distributor, broker or dealer, and the contracting party. The New Mexico Distribution Agreement is designed to protect the interests of all parties by clearly defining their respective roles, rights, and obligations. It covers key aspects such as the scope of distribution, payment terms, sales targets, termination provisions, and dispute resolution mechanisms. In New Mexico, there may be different types of Distribution Agreements regarding contracts sold and distributed through a broker or dealer, including: 1. Exclusive Distribution Agreement: This type of agreement grants the broker or dealer exclusive rights to market and distribute the contracts in the specified territory or market segment. The distributor may be prohibited from appointing other brokers or dealers in the same territory. 2. Non-Exclusive Distribution Agreement: In this type of agreement, the broker or dealer is authorized to distribute the contracts, but the distributor is free to appoint other brokers or dealers in the same territory. This allows for more flexibility in reaching a wider market. 3. Limited Distribution Agreement: This agreement restricts the distribution of contracts to specific channels or outlets agreed upon by both parties. It may be limited to a particular geographic area or a specific target market. 4. Agency Agreement: Instead of acting as a broker or dealer, the distributor acts as an agent on behalf of the contracting party. The distributor is authorized to negotiate and enter into contracts with customers, but the legal relationship is between the contracting party and the customer. 5. Sub-Distribution Agreement: This type of agreement allows the broker or dealer to appoint sub-distributors to market and distribute the contracts on their behalf. The sub-distributors operate under the authority of the broker or dealer, who assumes responsibility for their actions. In conclusion, a New Mexico Distribution Agreement for contracts being sold and distributed through a broker or dealer is a crucial legal document that outlines the terms and conditions of the distribution arrangement. It provides clarity and protection to all parties involved and ensures a successful distribution process in the State of New Mexico.