Distribution Agreement between First American Insurance Portfolios, Inc. and SEI Financial Services Company
What this document covers
The Distribution Agreement between First American Insurance Portfolios, Inc. and SEI Financial Services Company is a legal document that outlines the terms under which SEI Financial Services will act as the distributor for the shares of the First American Fund. This agreement is crucial for establishing the responsibilities of both parties regarding the sale and management of investment shares and is governed by federal securities law, which distinguishes it from other distribution agreements that may deal with different entities or types of products.
Key parts of this document
- Appointment of the Distributor: Specifies the exclusive distribution rights granted to SEI Financial Services.
- Sales and Solicitations: Details the obligations of the Distributor in selling the Fund's shares and the conditions under which it may work with other issuers.
- Representation Limitations: States what information the Distributor is authorized to provide to potential investors.
- Registration of Shares: Outlines the Fund's commitment to register its shares in compliance with securities laws.
- Compensation: Describes the financial arrangements and responsibilities related to distribution and shareholder servicing costs.
- Indemnification Clauses: Provides specifics on the liability protections for both parties in case of legal claims related to the sale of shares.
Common use cases
This form should be used when an investment company seeks to appoint a distributor for its shares. It is essential when entering into a formal agreement to distribute investment products, ensuring compliance with relevant securities laws while defining the terms of service between the Fund and the Distributor.
Intended users of this form
- Investment companies looking for a broker-dealer to distribute their shares.
- Financial institutions interested in establishing a formal partnership for the sale of investment offerings.
- Legal teams or advisors managing the agreements between investment funds and their distributors.
How to prepare this document
- Identify the parties involved: Clearly define the First American Insurance Portfolios, Inc. and SEI Financial Services Company as the Fund and Distributor, respectively.
- Specify the terms: Include details about the rights and obligations of both parties concerning the sale of shares.
- Enter compensation details: Clearly outline the financial arrangements, including any costs the Fund agrees to cover.
- Include indemnification clauses: Detail the liability protections for each party related to the agreement.
- Review and sign: Ensure that authorized representatives from both parties sign the document.
Does this form need to be notarized?
In most cases, this form does not require notarization. However, some jurisdictions or signing circumstances might. US Legal Forms offers online notarization powered by Notarize, accessible 24/7 for a quick, remote process.
Get your form ready online
Our built-in tools help you complete, sign, share, and store your documents in one place.
Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Typical mistakes to avoid
- Failing to clearly define the roles and responsibilities of each party in the agreement.
- Neglecting to ensure compliance with federal and state securities laws in the registration of shares.
- Overlooking the need for all relevant parties to sign the document, resulting in an unenforceable agreement.
Why use this form online
- Convenience: Quickly access and download the agreement without needing to visit a legal office.
- Editability: Easily fill in the necessary fields and customize the document to meet the specific needs of the parties involved.
- Reliability: Utilize legally vetted templates prepared by licensed attorneys to ensure all necessary legal requirements are met.
Looking for another form?
Form popularity
FAQ
Grant. Financial assistance for a specific purpose or specific project without expectation of any tangible deliverables other than a final report. Cooperative Agreement. Contract. Memorandum of Understanding. Non-Disclosure Agreement. Teaming Agreement. Material Transfer Agreement. IDIQ/Master Agreement.
A description of the parties involved in the agreement. A description of the services to be performed. A description of fees and payment schedules. The effective date of the contract, when work will begin, and the terms under which it can be terminated. Include a place for signatures.
An Ongoing Service Agreement is typically a written document signed by the financial planning client which sets out the inclusions in the service package they will receive from their financial planner and, importantly, seeks the client's explicit consent to withdraw the ongoing fees from their account.
Creditor's Name and Address; Debtor's Name and Address; Acknowledgment of the Balance Owed; Amount Owed; Interest Rate (if any); Repayment Period; Payment Instructions; Late Payment (if any); and.
A financial services agreement is a contract between you and your financial advisor. You can use it to outline the business relationship and help ensure that everyone is on the same page with regard to fiscal matters, points of contact, and service fees.
What is the difference between an Employment Contract and a Service Agreement? Service Agreements are used to hire Service Providers or independent contractors, not employees. A Service Agreement is limited to a specific project or time period. Employment Contracts are used to hire employees.
Get it in writing. Keep it simple. Deal with the right person. Identify each party correctly. Spell out all of the details. Specify payment obligations. Agree on circumstances that terminate the contract. Agree on a way to resolve disputes.
Begin your letter by clearly indicating the parties involved in the agreement. Remember to include the date the agreement takes effect and title of the venture. Clearly state the reason for your agreement in your first paragraph giving description of all details such as stake holder ratio, payment period etc.