Nevada Sub-Advisory Agreement of Berger and Berman Management, Inc. is a legally binding document that outlines the terms and conditions under which Berger and Berman Management, Inc. operates as a sub-advisor in the state of Nevada. This agreement defines the relationship between Berger and Berman Management, Inc. (the sub-advisor) and the client or the primary advisor. The Nevada Sub-Advisory Agreement serves as a crucial contract that establishes the roles, responsibilities, and expectations of the parties involved. It ensures transparency and clarity by laying out the specific duties and obligations of both the sub-advisor and the primary advisor. Key terms within the Nevada Sub-Advisory Agreement include compensation, termination, fiduciary duty, confidentiality, investment guidelines, and any other essential provisions. These terms ensure that both parties involved are aware of their obligations, rights, and the scope of their authority. One notable type of Nevada Sub-Advisory Agreement of Berger and Berman Management, Inc. is the Fixed-Term Agreement. This agreement entails a specified duration, after which it can be renewed or terminated based on mutual agreement or other termination clauses mentioned within the contract. It provides a fixed period for the sub-advisor to fulfill their duties, allowing for proper evaluation and decision-making regarding the continuation of the agreement. Another variety of the Nevada Sub-Advisory Agreement is the Evergreen Agreement. Unlike the fixed-term agreement, the Evergreen Agreement remains in effect indefinitely until terminated by either party. This type of agreement often serves as a long-term partnership, enabling stability and continuous collaboration between the sub-advisor and the primary advisor. Overall, the Nevada Sub-Advisory Agreement of Berger and Berman Management, Inc. is a critical legal document that outlines the relationship, expectations, and performance requirements between Berger and Berman Management, Inc. as sub-advisor and its clients or primary advisors in the state of Nevada. The agreement ensures a clear understanding of responsibilities and creates a framework for successful cooperation in the investment management industry.