Puerto Rico 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 Puerto Rico Distribution Agreement refers to a legal document specific to the continuous offering of a Fund's shares in Puerto Rico. It outlines the terms and conditions of the distribution arrangement between the Fund and a distributor operating in Puerto Rico. This agreement is crucial in establishing a transparent and compliant process for the offering and sale of the Fund's shares in the Puerto Rican market. Keywords: Puerto Rico, Distribution Agreement, continuous offering, Fund's shares, terms and conditions, distributor, transparent, compliant process, Puerto Rican market. There are different types of Puerto Rico Distribution Agreements that can be established based on various factors. Some common types are: 1. Exclusive Distribution Agreement: This type of agreement grants exclusive rights to a single distributor to distribute the Fund's shares in Puerto Rico. The distributor is solely responsible for promoting, selling, and managing the Fund's shares within the specified territory, ensuring maximum market penetration. 2. Non-Exclusive Distribution Agreement: In this scenario, multiple distributors can distribute the Fund's shares in Puerto Rico simultaneously. It allows for broader reach and increased competition among distributors, potentially leading to higher sales and market coverage. 3. Sub-Distribution Agreement: If a distributor lacks the necessary infrastructure or reach, they might enter into a sub-distribution agreement with a local sub-distributor in Puerto Rico. This arrangement allows the distributor to leverage the sub-distributor's existing network and resources to effectively distribute the Fund's shares in the Puerto Rican market. 4. Master Distribution Agreement: In situations where multiple Funds are offered by a single provider, a master distribution agreement can be established. This agreement outlines the distribution terms applicable to all the Funds offered by the provider, streamlining the process and creating efficiencies in distribution activities within Puerto Rico. Regardless of the specific type, a Puerto Rico Distribution Agreement typically covers important aspects such as the distributor's responsibilities, marketing and promotional activities, sales targets, compensation structure, reporting requirements, compliance with local regulations, termination conditions, and dispute resolution mechanisms. It is essential for both the Fund and the distributor to carefully negotiate and draft the Puerto Rico Distribution Agreement to ensure clarity, mutual understanding, and compliance with applicable legal and regulatory requirements in Puerto Rico.

Puerto Rico Distribution Agreement refers to a legal document specific to the continuous offering of a Fund's shares in Puerto Rico. It outlines the terms and conditions of the distribution arrangement between the Fund and a distributor operating in Puerto Rico. This agreement is crucial in establishing a transparent and compliant process for the offering and sale of the Fund's shares in the Puerto Rican market. Keywords: Puerto Rico, Distribution Agreement, continuous offering, Fund's shares, terms and conditions, distributor, transparent, compliant process, Puerto Rican market. There are different types of Puerto Rico Distribution Agreements that can be established based on various factors. Some common types are: 1. Exclusive Distribution Agreement: This type of agreement grants exclusive rights to a single distributor to distribute the Fund's shares in Puerto Rico. The distributor is solely responsible for promoting, selling, and managing the Fund's shares within the specified territory, ensuring maximum market penetration. 2. Non-Exclusive Distribution Agreement: In this scenario, multiple distributors can distribute the Fund's shares in Puerto Rico simultaneously. It allows for broader reach and increased competition among distributors, potentially leading to higher sales and market coverage. 3. Sub-Distribution Agreement: If a distributor lacks the necessary infrastructure or reach, they might enter into a sub-distribution agreement with a local sub-distributor in Puerto Rico. This arrangement allows the distributor to leverage the sub-distributor's existing network and resources to effectively distribute the Fund's shares in the Puerto Rican market. 4. Master Distribution Agreement: In situations where multiple Funds are offered by a single provider, a master distribution agreement can be established. This agreement outlines the distribution terms applicable to all the Funds offered by the provider, streamlining the process and creating efficiencies in distribution activities within Puerto Rico. Regardless of the specific type, a Puerto Rico Distribution Agreement typically covers important aspects such as the distributor's responsibilities, marketing and promotional activities, sales targets, compensation structure, reporting requirements, compliance with local regulations, termination conditions, and dispute resolution mechanisms. It is essential for both the Fund and the distributor to carefully negotiate and draft the Puerto Rico Distribution Agreement to ensure clarity, mutual understanding, and compliance with applicable legal and regulatory requirements in Puerto Rico.