Wyoming 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 Wyoming Distribution Agreement is a legal contract between a mutual fund and a distribution company in the state of Wyoming. It is specifically designed to govern the continuous offering of the fund's shares to potential investors. This agreement outlines the terms and conditions under which the distribution company will promote, sell, and distribute the fund's shares within the Wyoming market. The Wyoming Distribution Agreement plays a crucial role in establishing a mutually beneficial relationship between the fund and the distribution company. It ensures that the distribution company complies with all applicable securities laws and regulations while effectively marketing and selling the fund's shares. The agreement typically includes key provisions such as: 1. Parties Involved: The agreement clearly identifies the names and addresses of both the fund and the distribution company. It establishes their legal relationship as the principal and distributor, respectively. 2. Distribution Rights and Obligations: This section defines the rights and obligations of the distribution company regarding the sale and distribution of the fund's shares. It outlines the distribution company's responsibilities, including marketing strategies, promotional materials, sales efforts, and investor solicitation activities. 3. Compensation and Expenses: The agreement specifies the compensation structure for the distribution company, which may include sales commissions, trailer fees, or other forms of remuneration. It also outlines how the distribution company will be reimbursed for necessary expenses incurred during the distribution process. 4. Termination and Renewal: This section outlines the circumstances under which either party can terminate the agreement and any associated notice periods. It also includes provisions concerning automatic renewal or renegotiation of the agreement after a specified period. 5. Compliance and Reporting: The agreement emphasizes the distribution company's obligation to comply with all applicable securities laws and regulations. It mandates regular reporting on the sales activity, investor information, and any relevant changes to the distribution strategy. Different types of Wyoming Distribution Agreements may exist based on the specific nature of the distribution arrangement. For example: 1. Exclusive Distribution Agreement: In this type of agreement, the fund grants exclusive distribution rights to a single distribution company within the Wyoming market. The distribution company becomes the sole entity responsible for selling and promoting the fund's shares in the region. 2. Non-Exclusive Distribution Agreement: This type of agreement allows the fund to appoint multiple distribution companies to market and sell the fund's shares. It provides flexibility in reaching a wider audience and utilizing different distribution channels. 3. Limited Distribution Agreement: In certain cases, the fund may enter into an agreement with a distribution company for a limited period or specific distribution activities. This type of agreement is often utilized for targeted marketing campaigns or temporary distribution arrangements. In summary, the Wyoming Distribution Agreement for the continuous offering of a mutual fund's shares establishes the legal framework and responsibilities between the fund and the distribution company. By outlining the rights, obligations, and compensation terms, this agreement ensures compliance with regulations while facilitating effective distribution within the Wyoming market.

Wyoming Distribution Agreement is a legal contract between a mutual fund and a distribution company in the state of Wyoming. It is specifically designed to govern the continuous offering of the fund's shares to potential investors. This agreement outlines the terms and conditions under which the distribution company will promote, sell, and distribute the fund's shares within the Wyoming market. The Wyoming Distribution Agreement plays a crucial role in establishing a mutually beneficial relationship between the fund and the distribution company. It ensures that the distribution company complies with all applicable securities laws and regulations while effectively marketing and selling the fund's shares. The agreement typically includes key provisions such as: 1. Parties Involved: The agreement clearly identifies the names and addresses of both the fund and the distribution company. It establishes their legal relationship as the principal and distributor, respectively. 2. Distribution Rights and Obligations: This section defines the rights and obligations of the distribution company regarding the sale and distribution of the fund's shares. It outlines the distribution company's responsibilities, including marketing strategies, promotional materials, sales efforts, and investor solicitation activities. 3. Compensation and Expenses: The agreement specifies the compensation structure for the distribution company, which may include sales commissions, trailer fees, or other forms of remuneration. It also outlines how the distribution company will be reimbursed for necessary expenses incurred during the distribution process. 4. Termination and Renewal: This section outlines the circumstances under which either party can terminate the agreement and any associated notice periods. It also includes provisions concerning automatic renewal or renegotiation of the agreement after a specified period. 5. Compliance and Reporting: The agreement emphasizes the distribution company's obligation to comply with all applicable securities laws and regulations. It mandates regular reporting on the sales activity, investor information, and any relevant changes to the distribution strategy. Different types of Wyoming Distribution Agreements may exist based on the specific nature of the distribution arrangement. For example: 1. Exclusive Distribution Agreement: In this type of agreement, the fund grants exclusive distribution rights to a single distribution company within the Wyoming market. The distribution company becomes the sole entity responsible for selling and promoting the fund's shares in the region. 2. Non-Exclusive Distribution Agreement: This type of agreement allows the fund to appoint multiple distribution companies to market and sell the fund's shares. It provides flexibility in reaching a wider audience and utilizing different distribution channels. 3. Limited Distribution Agreement: In certain cases, the fund may enter into an agreement with a distribution company for a limited period or specific distribution activities. This type of agreement is often utilized for targeted marketing campaigns or temporary distribution arrangements. In summary, the Wyoming Distribution Agreement for the continuous offering of a mutual fund's shares establishes the legal framework and responsibilities between the fund and the distribution company. By outlining the rights, obligations, and compensation terms, this agreement ensures compliance with regulations while facilitating effective distribution within the Wyoming market.