Distribution Agreement regarding the continuous offering of the Fund's shares
About this form
The Distribution Agreement regarding the continuous offering of the Fund's shares is a legal document that outlines the relationship between a mutual fund and its distributor. This agreement is essential for facilitating the continuous sale of the Fund's shares, ensuring compliance with federal regulations, and promoting the growth of the Fund. Unlike other investment forms, this specific agreement details the roles and responsibilities of both the Fund and the distributor, including how shares can be sold, repurchased, and the conditions that govern those transactions.
Main sections of this form
- Appointment of the Distributor: Identifies the distributor appointed to sell the Fund's shares.
- Exclusive Nature of Duties: Details the exclusive rights granted to the distributor in terms of share sales.
- Purchase of Shares from the Fund: Outlines the process for how the distributor purchases shares on behalf of investors.
- Repurchase or Redemption of Shares: Describes how shareholders can redeem their shares and the procedures involved.
- Duties of the Fund: Lists the responsibilities of the Fund in relation to the distributor and the sale of shares.
- Duties of the Distributor: Specifies the distributor's obligations in managing share sales and compliance measures.
When to use this form
This form should be used when a mutual fund intends to continuously offer its shares to the public and requires a formal agreement with a distributor to manage that process. It is necessary when the Fund plans to maintain consistent investor access to its shares, involves multiple classes of shares, or navigates complex regulatory environments associated with investment companies.
Who needs this form
- Mutual funds seeking to establish a structured relationship with a distributor.
- Investment companies that offer continuous sales of shares to investors.
- Financial institutions involved in the sale and distribution of mutual fund shares.
- Legal and financial representatives managing mutual fund operations and compliance.
How to complete this form
- Identify the parties: Fill in the names of the mutual fund and the distributing company.
- Specify the classes of shares: List the types of shares that will be offered under this agreement.
- Enter the effective date: Provide the date when the agreement begins.
- Detail the distribution terms: Outline how shares will be marketed and sold, including any fees or charges.
- Ensure compliance: Verify that the agreement aligns with all federal and state regulations relevant to investment companies.
Does this form need to be notarized?
This form does not typically require notarization unless specified by local law. It is advisable to check jurisdiction-specific regulations to confirm any notarization needs.
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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 include all required parties in the agreement.
- Not specifying the different classes of shares being offered.
- Omitting important terms regarding the duties of the distributor.
- Neglecting to update the agreement as regulations change.
Why use this form online
- Convenience: Access and complete the form from anywhere at any time.
- Editability: Easily modify fields to suit specific needs and preferences.
- Reliability: Ensure the use of attorney-drafted language that meets legal standards.
