Oregon Management Agreement between a Trust and a Corporation

• Category: Corporations - Public - Restructuring
• State: Multi-State
• Control #: US-C-7-628
• Format: Word; Rich Text

Description

This form is a Management Agreement. Advisers for a common law trust agree to retain the services of a manager for the trust in order to procure advisement and portfolio management services for each series of shares listed on the schedule attached to the document. The Oregon Management Agreement between a Trust and a Corporation is a legally binding contract that outlines the terms and conditions for the management of trust assets by a corporation. This agreement is applicable in the state of Oregon and serves as a guide for all parties involved in the trust administration and asset management process. Keywords: Oregon, Management Agreement, Trust, Corporation, legally binding contract, terms and conditions, trust assets, trust administration, asset management. There are two primary types of Oregon Management Agreements between a Trust and a Corporation: 1. General Management Agreement: This type of agreement encompasses the overall management of trust assets by a corporation. It covers areas such as investment decisions, property management, and financial reporting. The agreement may state the specific duties and responsibilities of the corporation, including fiduciary obligations, and it outlines the compensation structure for the corporation's services. 2. Limited Management Agreement: This agreement is more specific in nature and focuses on a particular aspect of trust asset management. For instance, it could be an agreement solely for investment management or property management. This type of agreement provides clarity on the scope of the corporation's responsibilities and the limitations of its authority. Regardless of the type, an Oregon Management Agreement between a Trust and a Corporation typically includes the following key components: 1. Parties Involved: This section identifies the parties to the agreement, including the trust or (or granter), the trustee(s), and the corporation. It also includes their contact details for communication purposes. 2. Purpose: The agreement clearly states the purpose of the arrangement, which is to establish a formal understanding between the trust and the corporation for the effective management of trust assets. 3. Term and Termination: This section specifies the duration of the agreement and the circumstances under which it can be terminated. It may also include provisions for renewal or extension. 4. Scope of Services: The agreement outlines the specific services that the corporation will provide, such as investment management, property management, accounting, tax compliance, or legal support. This section may include details on the corporation's professional qualifications and licenses. 5. Compensation: The agreement details the compensation structure for the corporation's services, including any fees, commissions, or reimbursements. It may also address the reimbursement of expenses incurred during the management process. 6. Duties and Responsibilities: This section enumerates the duties and responsibilities of the corporation in managing the trust assets. It may include provisions for regular reporting, record keeping, compliance with applicable laws, and the corporation's fiduciary duty towards the trust. 7. Indemnification and Liability: The agreement addresses the liability of each party involved and may include provisions for indemnification, limiting the corporation's liability, or defining the circumstances under which liability can be assigned. 8. Governing Law and Jurisdiction: As an Oregon-specific agreement, it stipulates that Oregon state law governs its interpretation and enforcement. Furthermore, it specifies the jurisdiction for any legal disputes that may arise from the agreement. In conclusion, an Oregon Management Agreement between a Trust and a Corporation is a comprehensive contract that establishes the framework for the management of trust assets. This agreement safeguards the interests of the trust or, the trustee(s), and the corporation by providing clarity on responsibilities, compensation, and legal obligations.

The Oregon Management Agreement between a Trust and a Corporation is a legally binding contract that outlines the terms and conditions for the management of trust assets by a corporation. This agreement is applicable in the state of Oregon and serves as a guide for all parties involved in the trust administration and asset management process. Keywords: Oregon, Management Agreement, Trust, Corporation, legally binding contract, terms and conditions, trust assets, trust administration, asset management. There are two primary types of Oregon Management Agreements between a Trust and a Corporation: 1. General Management Agreement: This type of agreement encompasses the overall management of trust assets by a corporation. It covers areas such as investment decisions, property management, and financial reporting. The agreement may state the specific duties and responsibilities of the corporation, including fiduciary obligations, and it outlines the compensation structure for the corporation's services. 2. Limited Management Agreement: This agreement is more specific in nature and focuses on a particular aspect of trust asset management. For instance, it could be an agreement solely for investment management or property management. This type of agreement provides clarity on the scope of the corporation's responsibilities and the limitations of its authority. Regardless of the type, an Oregon Management Agreement between a Trust and a Corporation typically includes the following key components: 1. Parties Involved: This section identifies the parties to the agreement, including the trust or (or granter), the trustee(s), and the corporation. It also includes their contact details for communication purposes. 2. Purpose: The agreement clearly states the purpose of the arrangement, which is to establish a formal understanding between the trust and the corporation for the effective management of trust assets. 3. Term and Termination: This section specifies the duration of the agreement and the circumstances under which it can be terminated. It may also include provisions for renewal or extension. 4. Scope of Services: The agreement outlines the specific services that the corporation will provide, such as investment management, property management, accounting, tax compliance, or legal support. This section may include details on the corporation's professional qualifications and licenses. 5. Compensation: The agreement details the compensation structure for the corporation's services, including any fees, commissions, or reimbursements. It may also address the reimbursement of expenses incurred during the management process. 6. Duties and Responsibilities: This section enumerates the duties and responsibilities of the corporation in managing the trust assets. It may include provisions for regular reporting, record keeping, compliance with applicable laws, and the corporation's fiduciary duty towards the trust. 7. Indemnification and Liability: The agreement addresses the liability of each party involved and may include provisions for indemnification, limiting the corporation's liability, or defining the circumstances under which liability can be assigned. 8. Governing Law and Jurisdiction: As an Oregon-specific agreement, it stipulates that Oregon state law governs its interpretation and enforcement. Furthermore, it specifies the jurisdiction for any legal disputes that may arise from the agreement. In conclusion, an Oregon Management Agreement between a Trust and a Corporation is a comprehensive contract that establishes the framework for the management of trust assets. This agreement safeguards the interests of the trust or, the trustee(s), and the corporation by providing clarity on responsibilities, compensation, and legal obligations.