Washington 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. Washington Management Agreement between a Trust and a Corporation is a legal and binding document that outlines the terms and conditions governing the relationship between a trust and a corporation regarding the management of assets. This agreement is entered into when a trust appoints a corporation to handle the investment, administration, and distribution of its assets, ensuring that the best interests of the trust and its beneficiaries are safeguarded. The Washington Management Agreement between a Trust and a Corporation typically includes the following key provisions: 1. Parties Involved: This section identifies the trust and corporation involved in the agreement, clearly stating their legal names and addresses. 2. Purpose: The agreement outlines the specific objectives and goals the trust aims to achieve through the management of its assets by the corporation. 3. Scope of Services: This section enumerates the range of services to be provided by the corporation, which may include investment management, asset allocation, portfolio diversification, compliance monitoring, financial reporting, and administration of trust assets. 4. Investment Guidelines: Specific investment guidelines are established to ensure that the corporation adheres to the trust's investment objectives, risk tolerance, and any legal restrictions or regulations applicable in Washington. 5. Compensation and Fees: This provision defines the compensation structure and fees payable to the corporation for its services. It also outlines any additional expenses that may be reimbursed by the trust. 6. Standard of Care: The agreement sets the standard of care required by the corporation, emphasizing the need for the highest level of skill, care, prudence, and diligence in managing the trust's assets. 7. Reporting and Communication: The agreement identifies the frequency and format of reports to be provided by the corporation to the trust, ensuring transparency and accountability in the management of assets. 8. Term and Termination: This section specifies the initial term of the agreement and the conditions under which either party may terminate it, including notice periods and potential penalties for early termination. 9. Successors and Assigns: It clarifies whether the agreement can be assigned or transferred by either party and addresses the implications for the rights and obligations of the trust and corporation. 10. Governing Law: The agreement specifies that it will be governed by the laws of Washington and any disputes arising from the agreement will be resolved under the jurisdiction of Washington courts. Different types of Washington Management Agreements between a Trust and a Corporation may include variations in terms and conditions based on the specific nature of the trust and the requirements of the parties involved. These variations can be tailored to address unique circumstances, such as charitable trusts, special needs trusts, discretionary trusts, revocable trusts, or irrevocable trusts, among others.

Washington Management Agreement between a Trust and a Corporation is a legal and binding document that outlines the terms and conditions governing the relationship between a trust and a corporation regarding the management of assets. This agreement is entered into when a trust appoints a corporation to handle the investment, administration, and distribution of its assets, ensuring that the best interests of the trust and its beneficiaries are safeguarded. The Washington Management Agreement between a Trust and a Corporation typically includes the following key provisions: 1. Parties Involved: This section identifies the trust and corporation involved in the agreement, clearly stating their legal names and addresses. 2. Purpose: The agreement outlines the specific objectives and goals the trust aims to achieve through the management of its assets by the corporation. 3. Scope of Services: This section enumerates the range of services to be provided by the corporation, which may include investment management, asset allocation, portfolio diversification, compliance monitoring, financial reporting, and administration of trust assets. 4. Investment Guidelines: Specific investment guidelines are established to ensure that the corporation adheres to the trust's investment objectives, risk tolerance, and any legal restrictions or regulations applicable in Washington. 5. Compensation and Fees: This provision defines the compensation structure and fees payable to the corporation for its services. It also outlines any additional expenses that may be reimbursed by the trust. 6. Standard of Care: The agreement sets the standard of care required by the corporation, emphasizing the need for the highest level of skill, care, prudence, and diligence in managing the trust's assets. 7. Reporting and Communication: The agreement identifies the frequency and format of reports to be provided by the corporation to the trust, ensuring transparency and accountability in the management of assets. 8. Term and Termination: This section specifies the initial term of the agreement and the conditions under which either party may terminate it, including notice periods and potential penalties for early termination. 9. Successors and Assigns: It clarifies whether the agreement can be assigned or transferred by either party and addresses the implications for the rights and obligations of the trust and corporation. 10. Governing Law: The agreement specifies that it will be governed by the laws of Washington and any disputes arising from the agreement will be resolved under the jurisdiction of Washington courts. Different types of Washington Management Agreements between a Trust and a Corporation may include variations in terms and conditions based on the specific nature of the trust and the requirements of the parties involved. These variations can be tailored to address unique circumstances, such as charitable trusts, special needs trusts, discretionary trusts, revocable trusts, or irrevocable trusts, among others.