The Assignment Of Management Agreement is a crucial document used when there is a need to transfer existing management responsibilities from one service provider to another in India. This document becomes necessary during corporate restructuring, merger and acquisition activities, or when a management company needs to exit its obligations. The agreement, governed by Indian contract law, ensures a smooth transition of management services while protecting all parties' interests. It details the transfer of rights and obligations, specifies transition procedures, and includes necessary consents and warranties. The document must comply with the Indian Contract Act, 1872, and other relevant legislation, making it essential for businesses operating in various sectors across India.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies the Assignor (current manager), Assignee (new manager), and the Original Party (the party receiving management services)
2. Background: Details of the original Management Agreement, reason for assignment, and context of the transaction
3. Definitions: Defines key terms used throughout the agreement, including 'Management Agreement', 'Effective Date', 'Assignment Date', etc.
4. Assignment: Core clause transferring rights, obligations, and liabilities under the Management Agreement from Assignor to Assignee
5. Effective Date: Specifies when the assignment takes effect and any conditions precedent
6. Consent and Acknowledgment: Original Party's formal consent to the assignment and acknowledgment of the Assignee as new manager
7. Assignor's Warranties: Warranties regarding the Management Agreement's validity, no prior assignment, and authority to assign
8. Assignee's Undertakings: Commitments by Assignee to perform management obligations and comply with agreement terms
9. Fees and Payments: Handling of management fees, including any accrued amounts and future payments
10. Handover Provisions: Process for transferring responsibilities, documents, and ongoing matters
11. Governing Law and Jurisdiction: Specifies Indian law as governing law and relevant jurisdiction for disputes
12. Notices: Communication procedures between parties
13. Counterparts: Provision for execution in multiple counterparts
1. Original Agreement Amendments: Used when the assignment requires modifications to original agreement terms
2. Transition Services: Include when the Assignor needs to provide temporary support during transition
3. Non-Compete Provisions: Used when restricting Assignor's future management activities is necessary
4. Third Party Consents: Include when additional third-party approvals are required
5. Tax Provisions: Include specific tax handling if significant tax implications exist
6. Indemnification: Additional indemnities beyond standard provisions
7. Parent Company Guarantee: Include when additional security is required from Assignee's parent company
1. Original Management Agreement: Copy of the complete management agreement being assigned
2. Assets and Resources Schedule: List of any physical or digital assets being transferred
3. Ongoing Projects Schedule: Details of current projects and their status
4. Fee Structure: Detailed breakdown of management fees and payment terms
5. Required Consents: List of all required third-party consents and their status
6. Transition Plan: Detailed timeline and process for management handover
7. Contact Details: Key personnel and contact information for all parties
Relevant legal definitions
Clauses
Relevant Industries
Real Estate Management
Hotel and Hospitality
Corporate Services
Facility Management
Property Development
Asset Management
Infrastructure Management
Healthcare Facility Management
Educational Institution Management
Retail Management
Industrial Facility Management
Relevant Teams
Legal
Operations
Compliance
Finance
Asset Management
Facility Management
Risk Management
Corporate Secretarial
Business Development
Project Management
Relevant Roles
Chief Executive Officer
Managing Director
Operations Director
Legal Counsel
Contract Manager
Facility Manager
Property Manager
Business Development Manager
Compliance Officer
Project Manager
Asset Manager
General Manager
Risk Manager
Company Secretary
Chief Financial Officer
Find the exact document you need
Assignment And Agreement Form (Insurance)
An Indian legal document for transferring insurance policy rights from assignor to assignee, compliant with Insurance Act, 1938 and IRDA regulations.
Download
Assignment Of Partnership Interest
An Indian law-governed agreement facilitating the transfer of partnership interest from one partner to another, including associated rights and obligations.
Download
Assignment Of Debt
An Indian law-governed agreement transferring debt obligations from one party to another, including associated rights and security interests.
Download
Transfer Of Copyright Ownership Agreement
A legally binding agreement under Indian law for transferring complete ownership of copyright from one party to another, including all associated rights and interests.
Download
Transfer Of Copyright Form
An Indian law-compliant document that formally transfers copyright ownership from one party to another, subject to the Indian Copyright Act, 1957.
Download
Tenancy Novation Agreement
An Indian law-governed agreement that transfers tenancy rights and obligations from an existing tenant to a new tenant, with the landlord's consent, maintaining the original lease terms.
Download
Assignment Of Construction Contract
A legal document governed by Indian law that transfers all rights and obligations under an existing construction contract from one contractor to another.
Download
IP Assignment
A legal agreement governed by Indian law that transfers ownership of intellectual property rights from one party to another, including all terms and conditions of the transfer.
Download
Assignment Of License Agreement
An Indian law-governed agreement that transfers license rights from one party to another, including associated obligations and responsibilities under the original license.
Download
Assignment Of Loan Agreement
An Indian law-governed agreement that transfers loan rights and obligations from an original lender to a new lender, ensuring legal compliance and documenting assignment terms.
Download
Tripartite Assignment Agreement
An Indian law-governed agreement facilitating a three-way transfer of rights and obligations between an assignor, assignee, and consenting third party.
Download
IP Rights Transfer Agreement
An Indian law-governed agreement for transferring intellectual property rights between parties, including patents, trademarks, copyrights, and trade secrets.
Download
Short Form Assignment Agreement
A concise legal document under Indian law that transfers rights or property from an assignor to an assignee, suitable for straightforward assignments.
Download
Pre Invention Assignment Agreement
An Indian law-compliant agreement establishing company ownership of employee-created inventions and intellectual property during employment.
Download
Omnibus Assignment Agreement
An Indian law-governed agreement enabling comprehensive transfer of multiple assets and rights in a single transaction.
Download
Note Assignment Agreement
An Indian law-governed agreement that transfers ownership and rights in a promissory note from an existing holder to a new holder.
Download
Invention Assignment Agreement
An Indian law-governed agreement that assigns ownership rights of employee/contractor inventions and intellectual property to the employer, ensuring legal protection of company innovations.
Download
International Assignment Agreement
An India-law governed agreement setting out terms for international employee assignments, ensuring compliance with Indian employment and immigration regulations.
Download
Domain Name Assignment Agreement
An Indian law-governed agreement for transferring domain name ownership rights between parties, ensuring legal compliance with IT Act and domain registration requirements.
Download
Collateral Assignment Of Beneficial Interest
An Indian law-governed agreement creating security over beneficial interests through collateral assignment, establishing terms for the security arrangement and enforcement rights.
Download
Collateral Assignment Form
An Indian law-governed document creating a security interest in assets as collateral for securing obligations or debt repayment.
Download
Assignment Of Shares
An Indian law-governed agreement documenting the transfer of shares from one party to another, including terms, conditions, and regulatory compliance requirements.
Download
Assignment Of Management Agreement
An Indian law-governed agreement transferring management rights and obligations from one party to another, ensuring seamless transition of management services.
Download
Assignment Of Lease Form
An Indian legal document transferring lease rights from current tenant to new tenant, governed by the Transfer of Property Act and requiring proper registration.
Download
Assignment Of Debt Agreement
An Indian law-governed agreement that transfers debt obligations from one party to another, typically used in financial transactions and debt restructuring.
Download
Assignment And Sublease
An Indian law-compliant agreement for transferring leasehold rights or creating a sublease, establishing terms between original owner, current tenant, and new occupant.
Download
Agreement To Assignment
An Indian law-governed agreement that facilitates the legal transfer of rights, obligations, or property from an assignor to an assignee.
Download
Assignable Lease
An Indian law-governed lease agreement that includes specific provisions allowing the tenant to transfer their lease rights to third parties, subject to defined conditions.
Download
Assignment Of Franchise Agreement
An Indian law-governed agreement that transfers franchise rights and obligations from an existing franchisee to a new franchisee with franchisor approval.
Download
Copyright Assignment Contract
An Indian law-compliant agreement for transferring copyright ownership from one party to another, governed by the Copyright Act, 1957.
Download
Assignment Of Purchase Agreement
An Indian law-governed document that transfers rights and obligations under an existing purchase agreement from one party to another.
Download
Transfer Of Copyright Agreement
An Indian law-compliant agreement for transferring copyright ownership from one party to another, governed by the Copyright Act of 1957.
Download
Assignment And Assumption Agreement
A legal document under Indian law that transfers contractual rights and obligations from one party to another, ensuring proper documentation and compliance with local regulations.
Download
Proprietary Information And Inventions Assignment Agreement
An Indian law-governed agreement that protects company intellectual property and ensures assignment of employee/contractor inventions and innovations to the company.
Download
Collateral Assignment Of Lease
An Indian law agreement where a tenant assigns their lease rights to a lender as collateral for a loan while retaining occupancy rights.
Download
Collateral Assignment Of Franchise Agreement
An Indian law-governed agreement assigning franchise rights as collateral security for financing, balancing lender security interests with franchise operational requirements.
Download
Collateral Assignment Agreement
An Indian law-governed agreement creating a security interest through the assignment of collateral assets, commonly used in secured lending transactions.
Download
Assignor And Assignee Agreement
A legal document under Indian law facilitating the transfer of rights, assets, or interests from an Assignor to an Assignee, governed by Indian Contract Act and related statutes.
Download
Assignment Of Services Agreement
An Indian law-governed agreement facilitating the transfer of service obligations and rights from one party to another, ensuring legal compliance and protection for all parties involved.
Download
Vehicle Assignment Agreement
A legally binding agreement governing vehicle assignment between parties under Indian law, detailing transfer of usage rights and associated responsibilities.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)