Interim Management Agreement

Interim Management Agreement Template for Denmark

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Document background

The Interim Management Agreement is essential when organizations require temporary senior leadership or specialized expertise for specific projects, turnaround situations, or transitional periods. This document, structured under Danish law, establishes a clear framework for engaging interim managers while ensuring compliance with local regulations. It's particularly crucial in situations involving corporate restructuring, crisis management, or when filling temporary leadership gaps. The agreement covers essential elements such as scope of authority, integration with existing management structures, compensation mechanisms, and performance metrics, while addressing specific Danish legal requirements including corporate governance, data protection, and business regulations. The document is designed to protect both the engaging organization and the interim manager while maintaining the flexibility needed for temporary management arrangements.

Suggested Sections

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

2. Background: Context of the appointment and purpose of the interim management arrangement

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Scope of appointment, duration, and renewal/extension provisions

5. Role and Responsibilities: Detailed description of the interim manager's duties and authority level

6. Time Commitment: Expected working hours, availability, and flexibility requirements

7. Fees and Expenses: Payment terms, rate structure, and reimbursable expenses

8. Reporting and Performance: Reporting lines, KPIs, and performance evaluation criteria

9. Integration with Organization: Relationship with existing management and staff, authority limits

10. Confidentiality: Protection of company information and trade secrets

11. Intellectual Property: Ownership of work products and developments

12. Data Protection: GDPR compliance and data handling requirements

13. Termination: Grounds for termination, notice periods, and consequences

14. Post-Termination Obligations: Ongoing duties after agreement ends

15. General Provisions: Standard legal clauses including governing law, notices, and entire agreement

Optional Sections

1. Insurance Requirements: Specific insurance coverage requirements for high-risk sectors or roles

2. International Travel: Terms for international assignments and travel requirements

3. Regulatory Compliance: Specific compliance requirements for regulated industries

4. Team Provision: Terms for when the interim manager needs to bring additional team members

5. Success Fees: Performance-based additional compensation structure

6. Non-Compete: Restrictions on working with competitors during and after the engagement

7. Substitution Rights: Rights and process for substituting the interim manager

8. Crisis Management: Special provisions for managing crisis situations

Suggested Schedules

1. Schedule 1 - Services Description: Detailed scope of services and deliverables

2. Schedule 2 - Fee Structure: Detailed breakdown of fees, rates, and payment terms

3. Schedule 3 - Key Performance Indicators: Specific performance metrics and targets

4. Schedule 4 - Company Policies: Relevant internal policies the interim manager must comply with

5. Schedule 5 - Authorized Representatives: List of key contacts and their authority levels

6. Schedule 6 - Handover Requirements: Documentation and knowledge transfer requirements

7. Appendix A - Reporting Templates: Standard formats for required reports and updates

8. Appendix B - Expense Policy: Guidelines for expense claims and reimbursement

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