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Management Agreement
"I need a Management Agreement for my Hong Kong property management company to manage a portfolio of luxury residential buildings in Kowloon, starting from March 2025, with specific KPIs for tenant satisfaction and building maintenance."
1. Parties: Identification of the parties entering into the agreement - typically the company/owner and the management service provider
2. Background: Context of the agreement, including brief description of the business and purpose of the management arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Appointment and Term: Formal appointment of the manager and duration of the agreement, including renewal terms
5. Scope of Services: Detailed description of management services to be provided
6. Manager's Duties and Responsibilities: Specific obligations and standards of performance required from the manager
7. Client's Obligations: Responsibilities and obligations of the client company/owner
8. Fees and Payment Terms: Management fees, payment schedule, expenses, and related financial terms
9. Reporting and Performance Monitoring: Requirements for regular reporting and performance evaluation
10. Confidentiality: Obligations regarding confidential information and trade secrets
11. Intellectual Property: Ownership and usage rights of IP created during the management services
12. Termination: Grounds for termination and termination process
13. Post-Termination Obligations: Obligations that survive termination and handover requirements
14. General Provisions: Standard boilerplate clauses including notices, entire agreement, governing law, etc.
1. Non-Compete and Non-Solicitation: Restrictions on competitive activities and solicitation of employees/clients, include when there are specific competition concerns
2. Force Majeure: Provisions for unforeseen circumstances preventing performance, particularly relevant in volatile markets or industries
3. Insurance: Insurance requirements and obligations, include when specific insurance coverage is necessary
4. Data Protection: Specific provisions for handling personal data, include when significant data processing is involved
5. Compliance with Laws: Specific regulatory compliance obligations, include for regulated industries
6. Anti-Corruption: Anti-bribery and corruption provisions, include for international operations or public sector involvement
7. Key Personnel: Provisions regarding key individuals providing the services, include when specific expertise is crucial
8. Dispute Resolution: Detailed dispute resolution procedures, include when parties prefer specific resolution mechanisms
1. Schedule 1 - Services Description: Detailed breakdown of management services to be provided
2. Schedule 2 - Fee Structure: Detailed fee calculations, incentive structures, and payment terms
3. Schedule 3 - Key Performance Indicators: Specific performance metrics and evaluation criteria
4. Schedule 4 - Reporting Requirements: Templates and specifications for required reports
5. Schedule 5 - Key Personnel: List of key personnel and their roles/qualifications
6. Schedule 6 - Insurance Requirements: Detailed insurance coverage requirements and minimum limits
7. Appendix A - Power of Attorney: If required, specific powers granted to the manager
8. Appendix B - Compliance Procedures: Specific compliance requirements and procedures to be followed
Authors
Real Estate
Hospitality
Financial Services
Professional Services
Healthcare
Manufacturing
Retail
Technology
Education
Property Management
Asset Management
Investment Management
Facilities Management
Business Process Outsourcing
Legal
Operations
Finance
Compliance
Risk Management
Commercial
Business Development
Project Management
Facilities Management
Asset Management
Property Management
Contract Administration
Corporate Secretarial
Chief Executive Officer
Managing Director
Operations Director
Chief Financial Officer
General Manager
Facility Manager
Property Manager
Asset Manager
Legal Counsel
Compliance Officer
Contract Manager
Business Development Manager
Project Manager
Operations Manager
Risk Manager
Company Secretary
Commercial Director
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