Title: Understanding Phoenix Arizona Participation Agreement between First American Ins. Portfolios, Inc. and SET Investments Distribution Co. Introduction: The Phoenix Arizona Participation Agreement is a legally binding document that outlines the partnership between First American Ins. Portfolios, Inc. and SET Investments Distribution Co. This agreement sets forth the terms and conditions under which the parties agree to cooperate in the distribution of various financial products and services. There may be different types of participation agreements based on the specific nature of the collaboration. Let's explore the key aspects and benefits of the Phoenix Arizona Participation Agreement. 1. Overview of the Phoenix Arizona Participation Agreement: — The agreement establishes a mutually beneficial framework for delivering investment products and related services within Phoenix, Arizona. — It outlines the responsibilities, obligations, and rights of both First American Ins. Portfolios, Inc. and SET Investments Distribution Co. throughout the partnership. 2. Key Provisions and Terms: — Distribution Rights: The agreement defines the scope and extent of the distribution rights granted to each party, ensuring clarity on which products and services can be offered. — Territory: The agreement specifies Phoenix, Arizona, as the designated territory for distribution purposes, providing an exclusive or non-exclusive arrangement. — Compensation: Details regarding commission structures, fee arrangements, revenue sharing, and any other financial considerations are covered to ensure fair compensation for both parties. — Duration and Termination: The agreement includes the duration of the partnership and outlines conditions for termination, including descriptions of breach, notice periods, and dispute resolution procedures. 3. Types of Phoenix Arizona Participation Agreements: While the agreement's specific types may vary, two common categorizations under the Phoenix Arizona Participation Agreement include: a) Exclusive Participation Agreement: — This type of agreement grants First American Ins. Portfolios, Inc. exclusivity in distributing specific financial products or services in the defined Phoenix, Arizona market. SETEI Investments Distribution Co. will refrain from partnering or engaging with any other party for similar offerings within the territory during the agreed-upon period. b) Non-Exclusive Participation Agreement: — A non-exclusive participation agreement allows both First American Ins. Portfolios, Inc. and SET Investments Distribution Co. to collaborate with other entities and distribute similar products and services in Phoenix, Arizona. — Each party retains the right to secure alternative partnerships while recognizing their obligations and commitments under the agreement. Conclusion: The Phoenix Arizona Participation Agreement between First American Ins. Portfolios, Inc. and SET Investments Distribution Co. represents a comprehensive and structured approach to cooperative distribution within the Phoenix, Arizona market. By establishing clear roles, responsibilities, and guidelines, this agreement ensures a seamless and mutually beneficial relationship, creating opportunities for growth and success for both parties involved.
Phoenix Arizona Participation Agreement between First American Ins. Portfolios, Inc., SEI Investments Distribution Co.
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