Virginia Distribution Agreement regarding the continuous offering of the Trust's transferable shares of beneficial interest

• Category: Corporations - Public - Distribution
• State: Multi-State
• Control #: US-EG-9319
• Format: Word; Rich Text

Description

Distribution Agreement between Active Assets Premier Money Trust and Morgan Stanley Dean Witter Advisors, Inc. regarding the continuous offering of the Trust's transferable shares of beneficial interest (without par value) in order to promote the growth A Virginia Distribution Agreement is a legal document that outlines the terms and conditions governing the continuous offering of the Trust's transferable shares of beneficial interest. It serves as a contractual agreement between the Trust and the distributor, ensuring compliance with relevant laws and regulations. The purpose of a Virginia Distribution Agreement is to establish a framework for the distribution and sale of the Trust's transferable shares of beneficial interest. This agreement plays a crucial role in maintaining confidence among investors and facilitating a smooth process for the purchase and redemption of these shares. Key components included in a Virginia Distribution Agreement typically cover: 1. Parties Involved: The agreement defines the parties involved, including the Trust (as the issuer of shares) and the distributor responsible for offering and selling these shares to potential investors. 2. Duration of Agreement: The start and end dates of the distribution agreement are specified, along with any provisions regarding termination, renewal, or extension. 3. Exclusive/Non-Exclusive Distribution: The agreement clarifies whether the distributor holds exclusive rights to offer and sell the Trust's transferable shares of beneficial interest or if other distributors can also participate. 4. Sales and Marketing Obligations: The specific duties and responsibilities of the distributor in promoting and marketing the Trust's shares, including any sales targets or performance requirements, are outlined. 5. Compensation Structure: Details regarding the compensation payable to the distributor, such as commissions, fees, or other forms of remuneration, are addressed within the agreement. 6. Reporting and Record keeping: The distributor's obligation to maintain accurate records of sales and provide regular reports to the Trust is stipulated, ensuring transparency and compliance. 7. Compliance with Regulations: The agreement incorporates provisions to ensure compliance with applicable laws, regulations, and industry standards throughout the distribution process. This includes adherence to securities laws and regulations governing the offering of transferable shares of beneficial interest. Different types of Virginia Distribution Agreements regarding the continuous offering of the Trust's transferable shares of beneficial interest may vary based on specific circumstances, stakeholders, and other factors. Common variations may include: 1. Exclusive Distribution Agreement: This type of agreement grants exclusive rights to a single distributor, prohibiting other parties from participating in the distribution of the Trust's transferable shares of beneficial interest. 2. Non-Exclusive Distribution Agreement: In contrast, a non-exclusive agreement allows multiple distributors to offer and sell the Trust's shares simultaneously, potentially expanding the reach and sales network. 3. Limited Time Distribution Agreement: Instead of continuous offering, a limited-time distribution agreement establishes a specific timeframe during which the distributor can sell the Trust's shares. This type of agreement can be suitable for short-term objectives or specialized marketing campaigns. Virginia Distribution Agreements are crucial in maintaining a structured and compliant distribution process for transferable shares of beneficial interest. These agreements protect the interests of both the Trust and investors, ensuring transparency, accountability, and a seamless purchase and redemption process.

A Virginia Distribution Agreement is a legal document that outlines the terms and conditions governing the continuous offering of the Trust's transferable shares of beneficial interest. It serves as a contractual agreement between the Trust and the distributor, ensuring compliance with relevant laws and regulations. The purpose of a Virginia Distribution Agreement is to establish a framework for the distribution and sale of the Trust's transferable shares of beneficial interest. This agreement plays a crucial role in maintaining confidence among investors and facilitating a smooth process for the purchase and redemption of these shares. Key components included in a Virginia Distribution Agreement typically cover: 1. Parties Involved: The agreement defines the parties involved, including the Trust (as the issuer of shares) and the distributor responsible for offering and selling these shares to potential investors. 2. Duration of Agreement: The start and end dates of the distribution agreement are specified, along with any provisions regarding termination, renewal, or extension. 3. Exclusive/Non-Exclusive Distribution: The agreement clarifies whether the distributor holds exclusive rights to offer and sell the Trust's transferable shares of beneficial interest or if other distributors can also participate. 4. Sales and Marketing Obligations: The specific duties and responsibilities of the distributor in promoting and marketing the Trust's shares, including any sales targets or performance requirements, are outlined. 5. Compensation Structure: Details regarding the compensation payable to the distributor, such as commissions, fees, or other forms of remuneration, are addressed within the agreement. 6. Reporting and Record keeping: The distributor's obligation to maintain accurate records of sales and provide regular reports to the Trust is stipulated, ensuring transparency and compliance. 7. Compliance with Regulations: The agreement incorporates provisions to ensure compliance with applicable laws, regulations, and industry standards throughout the distribution process. This includes adherence to securities laws and regulations governing the offering of transferable shares of beneficial interest. Different types of Virginia Distribution Agreements regarding the continuous offering of the Trust's transferable shares of beneficial interest may vary based on specific circumstances, stakeholders, and other factors. Common variations may include: 1. Exclusive Distribution Agreement: This type of agreement grants exclusive rights to a single distributor, prohibiting other parties from participating in the distribution of the Trust's transferable shares of beneficial interest. 2. Non-Exclusive Distribution Agreement: In contrast, a non-exclusive agreement allows multiple distributors to offer and sell the Trust's shares simultaneously, potentially expanding the reach and sales network. 3. Limited Time Distribution Agreement: Instead of continuous offering, a limited-time distribution agreement establishes a specific timeframe during which the distributor can sell the Trust's shares. This type of agreement can be suitable for short-term objectives or specialized marketing campaigns. Virginia Distribution Agreements are crucial in maintaining a structured and compliant distribution process for transferable shares of beneficial interest. These agreements protect the interests of both the Trust and investors, ensuring transparency, accountability, and a seamless purchase and redemption process.