Distribution Agreement between First American Insurance Portfolios, Inc. and SEI Financial Services Company
What is this form?
This Distribution Agreement is a legal document establishing a relationship between First American Insurance Portfolios, Inc. and SEI Financial Services Company. It outlines the terms under which SEI Financial Services will act as a distributor and shareholder servicing agent for the investment shares of First American Insurance Portfolios. This form is essential for formalizing the roles and responsibilities of both parties in compliance with securities regulations, distinguishing it from other types of distribution agreements that may not include specific regulations related to investment companies.
What’s included in this form
- Parties Involved: Identifies First American Insurance Portfolios, Inc. and SEI Financial Services Company as the parties to the agreement.
- Exclusive Rights: Grants SEI Financial Services the exclusive right to sell shares of the Fund's portfolios.
- Compensation Details: Specifies the compensation structure and allocation of expenses related to share distribution.
- Indemnification Clauses: Outlines the indemnification obligations of both parties to protect against potential liabilities.
- Effective Date and Term: States the agreement's effective date and its duration unless terminated earlier.
Situations where this form applies
This Distribution Agreement should be used when an investment company, such as First American Insurance Portfolios, wishes to appoint a distributor to market and sell its investment shares. It is particularly relevant when establishing a formal relationship for the distribution and servicing of those shares, ensuring compliance with federal and state securities laws.
Who needs this form
- Investment companies seeking to engage a distributor.
- Financial services firms acting as distributors for investment portfolios.
- Legal professionals drafting distribution agreements for investment firms.
- Corporate finance departments managing investment fund distributions.
How to prepare this document
- Identify and state the parties involved, including complete names and addresses.
- Define the scope of the distributor's rights regarding the shares being sold.
- Detail the compensation structure and allocation of expenses for both parties.
- Include indemnification clauses to protect both parties from liabilities related to the share transactions.
- Specify the effective date of the agreement and its duration.
- Ensure that all parties sign the agreement to validate it.
Is notarization required?
This form usually doesn’t need to be notarized. However, local laws or specific transactions may require it. Our online notarization service, powered by Notarize, lets you complete it remotely through a secure video session, available 24/7.
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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.
Avoid these common issues
- Failing to clearly define the parties involved and their responsibilities.
- Neglecting to include compensation details or misinterpreting the allocation of expenses.
- Overlooking state-specific securities regulations that may affect the agreement.
- Not obtaining necessary signatures or misplacing the effective date of the agreement.
Benefits of using this form online
- Convenient access to a legally vetted distribution agreement template.
- Editability allows for quick customization to fit specific needs.
- Reliable format ensures compliance with federal and state requirements.
- Time-saving process with instant download options leading to faster implementation.
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