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Interim Management Agreement
"I need an Interim Management Agreement for appointing a temporary CFO to manage our Hong Kong technology company's IPO preparation from March 2025 to December 2025, including performance bonuses tied to successful listing."
1. Parties: Identification of the company and the interim manager (either individual or management firm)
2. Background: Context of the appointment, including the reason for requiring interim management
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Formal appointment clause, duration, and any extension provisions
5. Scope of Services: Detailed description of the interim manager's roles, responsibilities, and authority
6. Duties and Obligations: Specific duties of the interim manager, including compliance with company policies and regulations
7. Remuneration: Fee structure, payment terms, and expenses
8. Time Commitment: Expected working hours and availability requirements
9. Reporting Requirements: Reporting structure and frequency of updates to the board/shareholders
10. Confidentiality: Protection of company information and trade secrets
11. Intellectual Property: Ownership of work product and pre-existing IP
12. Termination: Grounds for termination and notice requirements
13. Post-Termination Obligations: Continuing obligations after the agreement ends
14. General Provisions: Standard boilerplate clauses including governing law, notices, and entire agreement
1. Non-Competition: Restrictions on working with competitors, used when the interim manager will have access to sensitive competitive information
2. Key Performance Indicators: Specific metrics for measuring performance, included when performance-based compensation is part of the agreement
3. Insurance and Indemnification: Professional indemnity and liability provisions, particularly important for high-risk roles
4. Succession Planning: Requirements for handover to permanent management, included when the interim role is specifically for transition
5. Team and Resources: Details of support staff and resources provided, needed when the interim manager brings in their own team
6. Corporate Governance: Specific governance requirements, important for listed companies or regulated industries
7. Share Options/Equity: Any equity-based compensation, included when part of the remuneration package
1. Schedule 1 - Services Description: Detailed scope of services and deliverables
2. Schedule 2 - Fee Structure: Detailed breakdown of fees, expenses, and payment terms
3. Schedule 3 - Key Personnel: Details of the interim manager and any supporting team members
4. Schedule 4 - Company Policies: List of applicable company policies and procedures
5. Schedule 5 - Reporting Templates: Standard formats for required reports and updates
6. Schedule 6 - Handover Requirements: Detailed procedures for knowledge transfer and exit
7. Appendix A - Powers of Attorney: If required, specific delegations of authority
8. Appendix B - Insurance Requirements: Details of required insurance coverage and limits
Authors
Financial Services
Technology
Manufacturing
Retail
Healthcare
Professional Services
Real Estate
Construction
Telecommunications
Energy
Transportation and Logistics
Education
Hospitality
Legal
Human Resources
Finance
Operations
Executive Office
Company Secretarial
Risk Management
Compliance
Corporate Governance
Strategy
Project Management Office
Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
Managing Director
Finance Director
Operations Director
Project Director
Transformation Director
Restructuring Manager
Interim Department Head
Crisis Manager
Turnaround Specialist
Change Management Director
Program Director
Business Unit Head
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