Contra Costa California Distribution Agreement regarding the continuous offering of the Fund's shares

• Category: Corporations - Public - Distribution
• State: Multi-State
• County: Contra Costa
• 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 Contra Costa California Distribution Agreement is a legally binding contract between the Contra Costa California Distribution Company and a third-party distributor regarding the continuous offering of the Fund's shares. This agreement outlines the terms, conditions, and responsibilities of both parties involved in the distribution process. The Contra Costa California Distribution Agreement aims to establish a framework for the promotion, sale, and ongoing distribution of the Fund's shares to potential investors. This agreement ensures compliance with applicable laws, regulations, and industry standards in the distribution of investment products. Some key elements included in the Contra Costa California Distribution Agreement include: 1. Rights and Obligations: This section outlines the respective rights and obligations of the Contra Costa California Distribution Company and the third-party distributor. It defines the roles, responsibilities, and limitations of each entity, ensuring a clear understanding of their expectations and duties. 2. Distribution Channels: The agreement specifies the distribution channels through which the Fund's shares will be offered to potential investors. It may include retail channels, broker-dealer networks, online platforms, or other approved means of selling the shares. 3. Marketing and Promotion: This section addresses the marketing and promotional activities related to the Fund's shares. It may specify the methods, materials, and guidelines for promoting the shares, while ensuring compliance with advertising regulations and industry best practices. 4. Compensation and Fees: The agreement defines the compensation and fees payable to the third-party distributor for their distribution services. This may include commissions, sales-based incentives, or other compensation arrangements agreed upon between the parties. 5. Reporting and Records: The agreement typically requires the third-party distributor to maintain accurate records of sales, client information, and other relevant data. It also establishes reporting requirements, such as regular updates on sales activity and investor demographics. 6. Termination and Renewal: This section outlines the conditions under which the agreement may be terminated or renewed. It may specify termination rights, notice periods, and any applicable penalties or consequences for non-compliance. Different types of Contra Costa California Distribution Agreements regarding the continuous offering of the Fund's shares may include: 1. Exclusive Distribution Agreement: In this type of agreement, a single third-party distributor is granted exclusive rights to distribute the Fund's shares within a specified territory or market segment. This provides the distributor with a competitive advantage but limits the Fund's access to other potential distribution channels. 2. Non-Exclusive Distribution Agreement: This agreement permits multiple third-party distributors to sell the Fund's shares simultaneously. Each distributor operates independently and may target different investor segments or territories. This approach maximizes the reach and availability of the Fund's shares but may result in more complexity and coordination challenges. By executing a well-defined Contra Costa California Distribution Agreement, the Contra Costa California Distribution Company can effectively expand its distribution network and reach potential investors, while the third-party distributor gains access to an investment product to offer their clients.

Contra Costa California Distribution Agreement is a legally binding contract between the Contra Costa California Distribution Company and a third-party distributor regarding the continuous offering of the Fund's shares. This agreement outlines the terms, conditions, and responsibilities of both parties involved in the distribution process. The Contra Costa California Distribution Agreement aims to establish a framework for the promotion, sale, and ongoing distribution of the Fund's shares to potential investors. This agreement ensures compliance with applicable laws, regulations, and industry standards in the distribution of investment products. Some key elements included in the Contra Costa California Distribution Agreement include: 1. Rights and Obligations: This section outlines the respective rights and obligations of the Contra Costa California Distribution Company and the third-party distributor. It defines the roles, responsibilities, and limitations of each entity, ensuring a clear understanding of their expectations and duties. 2. Distribution Channels: The agreement specifies the distribution channels through which the Fund's shares will be offered to potential investors. It may include retail channels, broker-dealer networks, online platforms, or other approved means of selling the shares. 3. Marketing and Promotion: This section addresses the marketing and promotional activities related to the Fund's shares. It may specify the methods, materials, and guidelines for promoting the shares, while ensuring compliance with advertising regulations and industry best practices. 4. Compensation and Fees: The agreement defines the compensation and fees payable to the third-party distributor for their distribution services. This may include commissions, sales-based incentives, or other compensation arrangements agreed upon between the parties. 5. Reporting and Records: The agreement typically requires the third-party distributor to maintain accurate records of sales, client information, and other relevant data. It also establishes reporting requirements, such as regular updates on sales activity and investor demographics. 6. Termination and Renewal: This section outlines the conditions under which the agreement may be terminated or renewed. It may specify termination rights, notice periods, and any applicable penalties or consequences for non-compliance. Different types of Contra Costa California Distribution Agreements regarding the continuous offering of the Fund's shares may include: 1. Exclusive Distribution Agreement: In this type of agreement, a single third-party distributor is granted exclusive rights to distribute the Fund's shares within a specified territory or market segment. This provides the distributor with a competitive advantage but limits the Fund's access to other potential distribution channels. 2. Non-Exclusive Distribution Agreement: This agreement permits multiple third-party distributors to sell the Fund's shares simultaneously. Each distributor operates independently and may target different investor segments or territories. This approach maximizes the reach and availability of the Fund's shares but may result in more complexity and coordination challenges. By executing a well-defined Contra Costa California Distribution Agreement, the Contra Costa California Distribution Company can effectively expand its distribution network and reach potential investors, while the third-party distributor gains access to an investment product to offer their clients.