Document background
The Operating Management Agreement is a crucial document used when a business or property owner wishes to delegate operational management responsibilities to a professional management company or operator while retaining ownership. Common in Hong Kong's dynamic business environment, this agreement type is particularly relevant for properties, facilities, and businesses requiring specialized operational expertise. The document comprehensively outlines management scope, performance standards, financial terms, and compliance requirements under Hong Kong law. It addresses key aspects such as staff management, operational procedures, financial reporting, and risk allocation, while ensuring compliance with Hong Kong's regulatory framework, including the Companies Ordinance, Employment Ordinance, and industry-specific regulations. The agreement is structured to protect both parties' interests while facilitating efficient business operations.
