The open contract shall be reevaluated at the end of each year.

对于开口合同，每年年底顾客签定合同之前应组织一次复评。

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With the analysis under the incomplete contract theory and principal-agent theory, there is no such an optimum governance structure for open-end fund either contract style or corporate style.

从不完全契约理论和委托代理框架的视角分析开放式基金治理结构，可以得出不存在最优的治理结构的结论。

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Article 5 in a fund contract the mode of operation of the fund shall be specified. There may be closed-end funding, open-end funding and other modes.

第五条基金合同应当约定基金运作方式。基金运作方式可以采用封闭式、开放式或者其他方式。

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