IAR Agreements Clause Samples
The IAR Agreements clause defines the terms and conditions governing the relationship between an Investment Adviser Representative (IAR) and their affiliated firm. Typically, this clause outlines the responsibilities, compensation structure, compliance obligations, and termination procedures applicable to IARs. For example, it may specify how client accounts are managed, the standards of conduct required, and the process for resolving disputes. The core function of this clause is to ensure both parties understand their rights and obligations, thereby reducing the risk of misunderstandings and ensuring regulatory compliance.
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IAR Agreements. The Sellers set forth on Schedule 6.21(a) hereby amend such Sellers investment advisor representative agreement with the Company to state that such Sellers shall not receive any fees or payments from the Company with respect to the accounts set forth on Schedule 6.21(b). At least fifteen (15) days prior to the Closing Date, the Company shall provide written evidence to the Buyer of the amendments to the investment advisor agreements with the individuals set forth on Schedule 6.21(c) evidencing that such individuals have released any claims to fees or payments from the Company with respect to the accounts set forth on Schedule 6.21(b).