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Management Agreement Between Two Companies Template for Hong Kong

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Key Requirements PROMPT example:

Management Agreement Between Two Companies

"I need a Management Agreement Between Two Companies where a technology consulting firm will provide complete IT management services to a retail company in Hong Kong, starting from March 2025, with specific provisions for data security and system maintenance."

Document background
The Management Agreement Between Two Companies is a crucial document used when one company seeks to engage another for professional management services. This agreement type is particularly relevant in Hong Kong's dynamic business environment, where companies often seek external management expertise for various operational aspects. The document outlines the complete framework for the management relationship, including detailed service specifications, performance metrics, fee structures, and governance mechanisms. It addresses key aspects such as confidentiality, intellectual property rights, liability provisions, and dispute resolution procedures, all aligned with Hong Kong's legal requirements and business practices. The agreement is particularly valuable for companies looking to outsource management functions, establish professional management structures, or bring in specialized operational expertise while maintaining clear boundaries and responsibilities between the parties involved.
Suggested Sections

1. Parties: Identification of the company providing management services and the company receiving them

2. Background: Context of the agreement and brief description of the companies' business relationship

3. Definitions: Defined terms used throughout the agreement

4. Appointment and Scope: Terms of appointment and detailed scope of management services to be provided

5. Term and Termination: Duration of the agreement and circumstances for termination

6. Management Services: Detailed description of management responsibilities and deliverables

7. Fees and Payment: Management fees, payment terms, expenses, and invoicing procedures

8. Obligations of Service Provider: Duties and responsibilities of the managing company

9. Obligations of Client: Duties and responsibilities of the company receiving management services

10. Performance Standards: Expected service levels and quality standards

11. Intellectual Property: Ownership and usage rights of IP created during service provision

12. Confidentiality: Protection and handling of confidential information

13. Liability and Indemnification: Limitation of liability and indemnification provisions

14. Force Majeure: Provisions for unforeseen circumstances affecting performance

15. Governing Law and Jurisdiction: Specification of Hong Kong law and jurisdiction

16. General Provisions: Standard boilerplate clauses including notices, amendments, and severability

17. Execution: Signature blocks and execution details

Optional Sections

1. Key Personnel: Used when specific individuals are critical to service delivery - defines key personnel and replacement procedures

2. Non-Competition: Include when protecting against competitive activities is necessary

3. Data Protection: Required when significant personal data processing is involved

4. Insurance: Include when specific insurance requirements need to be maintained

5. Audit Rights: Used when regular auditing of management services is required

6. Step-In Rights: Include when client needs right to take over management functions in specific circumstances

7. Change Control: Used for complex agreements where formal process for changes is needed

8. Business Continuity: Include when service continuity is critical to client operations

9. Anti-Bribery and Corruption: Required for high-value contracts or when dealing with public sector

10. Environmental, Social and Governance: Include when ESG compliance is important to either party

Suggested Schedules

1. Schedule 1 - Services Description: Detailed breakdown of management services to be provided

2. Schedule 2 - Fee Schedule: Detailed fee structure, calculation methods, and payment terms

3. Schedule 3 - Service Levels: Specific performance metrics and measurement criteria

4. Schedule 4 - Key Personnel: List of key management personnel and their roles

5. Schedule 5 - Policies and Procedures: Relevant operational policies and procedures to be followed

6. Schedule 6 - Reports and Documentation: Required management reports and documentation

7. Appendix A - Power of Attorney: If specific legal authority needs to be granted

8. Appendix B - Company Authorizations: Corporate authorizations and board resolutions

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






































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Relevant Industries

Professional Services

Real Estate Management

Hospitality

Manufacturing

Retail

Technology

Financial Services

Healthcare

Education

Logistics and Supply Chain

Construction

Property Management

Investment Management

Business Process Outsourcing

Relevant Teams

Legal

Operations

Commercial

Finance

Risk and Compliance

Business Development

Project Management

Facilities Management

Administrative

Human Resources

Procurement

Corporate Governance

Strategy

Relevant Roles

Chief Executive Officer

Chief Operating Officer

Managing Director

Operations Director

Legal Counsel

Contract Manager

Business Development Manager

Project Manager

Facility Manager

Operations Manager

Commercial Director

Risk Manager

Compliance Officer

Financial Controller

General Manager

Department Head

Regional Manager

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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