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Interim Management Agreement Template for Hong Kong

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Key Requirements PROMPT example:

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."

Document background
The Interim Management Agreement serves as a crucial legal framework for organizations requiring temporary senior leadership or specialized management expertise in Hong Kong. This document is typically used during periods of organizational transition, such as during the search for permanent executives, during crisis management situations, or for specific project implementations. The agreement comprehensively addresses the unique aspects of temporary management relationships, including scope of authority, reporting structures, and compliance with Hong Kong regulatory requirements. It provides necessary protections for both the company and the interim manager, covering areas such as confidentiality, intellectual property rights, and professional liability. The document is structured to comply with Hong Kong's legal framework, particularly the Employment Ordinance and Companies Ordinance, while maintaining flexibility to accommodate various business scenarios and industry-specific requirements.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

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

Relevant legal definitions






































Clauses









































Relevant Industries

Financial Services

Technology

Manufacturing

Retail

Healthcare

Professional Services

Real Estate

Construction

Telecommunications

Energy

Transportation and Logistics

Education

Hospitality

Relevant Teams

Legal

Human Resources

Finance

Operations

Executive Office

Company Secretarial

Risk Management

Compliance

Corporate Governance

Strategy

Project Management Office

Relevant Roles

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

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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