The Oregon Distribution Agreement is a legal contract that outlines the terms and conditions related to the continuous offering of a Fund's shares within the state of Oregon. It serves as an agreement between the Fund and the distributor who will be responsible for the promotion and sale of the Fund's shares. Key terms within the Oregon Distribution Agreement include: 1. Continuous Offering: The agreement specifies that the distributor will ensure there is a continuous availability of the Fund's shares for sale to investors in Oregon. 2. Distribution Rights: The agreement grants the distributor the exclusive right to distribute the Fund's shares within the state of Oregon. This ensures that only the authorized distributor can offer the Fund's shares within Oregon's jurisdiction. 3. Sales and Marketing: The agreement may outline the distributor's responsibilities regarding sales and marketing activities. This includes advertising, promotional campaigns, and the use of sales agents or representatives. 4. Compensation and Fees: The agreement details the compensation structure for the distributor, such as commissions, fees, or revenue sharing arrangements. It also covers reimbursement for certain expenses incurred during the distribution process. 5. Reporting and Record-Keeping: The distributor is often required to maintain accurate sales records and provide periodic reports to the Fund regarding sales activity, investor information, and any relevant changes in the market. 6. Compliance and Regulatory Obligations: The agreement typically addresses compliance with applicable laws, regulations, and industry standards. It may require the distributor to obtain necessary licenses and registrations to ensure compliance with state and federal securities laws. 7. Termination and Amendment: The agreement outlines the conditions under which the agreement can be terminated by either party. It may also include provisions for amendments or modifications to the agreement, if necessary. Different types of Oregon Distribution Agreements regarding the continuous offering of the Fund's shares may include: 1. Exclusive Distribution Agreement: This type of agreement grants exclusive rights to a single distributor for the continuous offering of the Fund's shares in Oregon. It prohibits the Fund from engaging any other distributor within the state. 2. Non-Exclusive Distribution Agreement: This agreement allows the Fund to engage multiple distributors to offer the Fund's shares in Oregon simultaneously. Each distributor has equal rights and shares the responsibility for selling the shares. 3. Limited Distribution Agreement: This type of agreement restricts the distribution of the Fund's shares to a specific group of investors or a particular geographic area within Oregon. It may be used to target a specific market segment or comply with local regulations. Each of these types of agreements may contain unique provisions tailored to the specific distribution strategy and requirements of the Fund and the distributor.
The Oregon Distribution Agreement is a legal contract that outlines the terms and conditions related to the continuous offering of a Fund's shares within the state of Oregon. It serves as an agreement between the Fund and the distributor who will be responsible for the promotion and sale of the Fund's shares. Key terms within the Oregon Distribution Agreement include: 1. Continuous Offering: The agreement specifies that the distributor will ensure there is a continuous availability of the Fund's shares for sale to investors in Oregon. 2. Distribution Rights: The agreement grants the distributor the exclusive right to distribute the Fund's shares within the state of Oregon. This ensures that only the authorized distributor can offer the Fund's shares within Oregon's jurisdiction. 3. Sales and Marketing: The agreement may outline the distributor's responsibilities regarding sales and marketing activities. This includes advertising, promotional campaigns, and the use of sales agents or representatives. 4. Compensation and Fees: The agreement details the compensation structure for the distributor, such as commissions, fees, or revenue sharing arrangements. It also covers reimbursement for certain expenses incurred during the distribution process. 5. Reporting and Record-Keeping: The distributor is often required to maintain accurate sales records and provide periodic reports to the Fund regarding sales activity, investor information, and any relevant changes in the market. 6. Compliance and Regulatory Obligations: The agreement typically addresses compliance with applicable laws, regulations, and industry standards. It may require the distributor to obtain necessary licenses and registrations to ensure compliance with state and federal securities laws. 7. Termination and Amendment: The agreement outlines the conditions under which the agreement can be terminated by either party. It may also include provisions for amendments or modifications to the agreement, if necessary. Different types of Oregon Distribution Agreements regarding the continuous offering of the Fund's shares may include: 1. Exclusive Distribution Agreement: This type of agreement grants exclusive rights to a single distributor for the continuous offering of the Fund's shares in Oregon. It prohibits the Fund from engaging any other distributor within the state. 2. Non-Exclusive Distribution Agreement: This agreement allows the Fund to engage multiple distributors to offer the Fund's shares in Oregon simultaneously. Each distributor has equal rights and shares the responsibility for selling the shares. 3. Limited Distribution Agreement: This type of agreement restricts the distribution of the Fund's shares to a specific group of investors or a particular geographic area within Oregon. It may be used to target a specific market segment or comply with local regulations. Each of these types of agreements may contain unique provisions tailored to the specific distribution strategy and requirements of the Fund and the distributor.
