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Business Management Contract for Belgium

Business Management Contract Template for Belgium

A comprehensive legal agreement governed by Belgian law that establishes a professional management relationship between a company and an external manager or management company. This document outlines the scope of management services, responsibilities, compensation structure, and terms of engagement while ensuring compliance with Belgian corporate law and maintaining the independent contractor status of the manager. It includes provisions for corporate governance, confidentiality, intellectual property protection, and termination conditions, all within the framework of Belgian legal requirements and business practices.

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Business Management Contract

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What is a Business Management Contract?

The Business Management Contract serves as a crucial legal instrument in Belgian corporate practice, designed to formalize the relationship between companies and professional managers or management companies who provide strategic and operational leadership services. This document is particularly relevant when organizations seek to engage senior management expertise on an independent contractor basis rather than through traditional employment relationships. It comprehensively addresses key aspects such as scope of services, remuneration, performance metrics, and corporate governance requirements while ensuring compliance with Belgian corporate law and tax regulations. The agreement is structured to protect both parties' interests while maintaining the necessary flexibility to accommodate various business contexts and industry-specific requirements.

What sections should be included in a Business Management Contract?

1. Parties: Identification of the company and the manager/management entity

2. Background: Context of the agreement and confirmation of manager's independent contractor status

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Scope of appointment, effective date, and duration of the management relationship

5. Management Services: Detailed description of services to be provided by the manager

6. Manager's Obligations: Key responsibilities, performance standards, and reporting requirements

7. Company's Obligations: Support, information, and resources to be provided by the company

8. Remuneration: Management fees, payment terms, and any variable compensation

9. Expenses: Policy on business expenses and reimbursement

10. Intellectual Property: Ownership and protection of IP created during the management relationship

11. Confidentiality: Protection of company information and trade secrets

12. Non-Competition and Non-Solicitation: Restrictions on competitive activities during and after the agreement

13. Termination: Grounds for termination and notice requirements

14. Consequences of Termination: Post-termination obligations and settlements

15. Governing Law and Jurisdiction: Confirmation of Belgian law application and dispute resolution

What sections are optional to include in a Business Management Contract?

1. Corporate Governance: Additional provisions for listed companies or companies requiring specific governance standards

2. Insurance: Requirements for professional liability insurance, to be included when manager must maintain specific coverage

3. Data Protection: GDPR compliance provisions, required when personal data processing is involved

4. Force Majeure: Provisions for unforeseen circumstances affecting performance

5. Anti-Corruption: Compliance with anti-corruption laws, particularly important for international businesses

6. Assignment: Rights to transfer or delegate management duties, if permitted

7. Severability: Standard clause for contract validity, optional in Belgian law but often included

8. Key Performance Indicators: Specific performance metrics, when quantifiable targets are required

What schedules should be included in a Business Management Contract?

1. Schedule 1 - Scope of Services: Detailed breakdown of management services and responsibilities

2. Schedule 2 - Fee Structure: Detailed compensation arrangement including any bonus or incentive schemes

3. Schedule 3 - Company Policies: Relevant internal policies the manager must comply with

4. Schedule 4 - Reporting Requirements: Format and frequency of management reports

5. Schedule 5 - Approved External Appointments: List of pre-approved external business activities or directorships

6. Appendix A - Power of Attorney: If specific powers are delegated to the manager

7. Appendix B - Insurance Requirements: Details of required insurance coverage and limits

8. Appendix C - Performance Metrics: Detailed KPIs and assessment criteria if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Belgium

Publisher

Ƶ

Cost

Free to use
Relevant legal definitions


































Clauses




































Relevant Industries

Professional Services

Manufacturing

Technology

Financial Services

Healthcare

Retail

Real Estate

Construction

Energy

Telecommunications

Logistics

Consulting

Entertainment

Education

Relevant Teams

Legal

Human Resources

Executive Office

Corporate Governance

Finance

Operations

Administration

Compliance

Risk Management

Corporate Affairs

Relevant Roles

Chief Executive Officer

Managing Director

Chief Financial Officer

Chief Operating Officer

Business Unit Director

Regional Manager

Department Head

Executive Director

General Manager

Country Manager

Operations Director

Strategic Advisor

Interim Manager

Project Director

Commercial Director

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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