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Sub Management Agreement Template for India

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Key Requirements PROMPT example:

Sub Management Agreement

"I need a Sub Management Agreement for delegating the management of our three commercial office buildings in Mumbai to ABC Property Services Ltd, with the agreement to commence on March 1, 2025, including specific provisions for sustainability reporting and green building maintenance."

Document background
The Sub Management Agreement serves as a critical legal instrument in the Indian business environment where companies seek to delegate specific management functions to specialized service providers. This document becomes necessary when a company holding management rights wishes to subcontract certain management responsibilities to another entity with specific expertise or operational capabilities. The agreement must comply with Indian contract law and relevant industry regulations while clearly delineating the scope of delegated authority, operational parameters, and accountability mechanisms. Key considerations include ensuring the arrangement doesn't violate any existing management obligations, maintaining appropriate control and oversight, and protecting both parties' interests. The Sub Management Agreement typically includes detailed provisions for service delivery, performance metrics, fee structures, and risk allocation, all within the framework of Indian legal requirements.
Suggested Sections

1. Parties: Identification of the Principal Company and the Sub-Manager with their complete legal details

2. Background: Context of the agreement, including the Principal Company's authority to delegate management and the Sub-Manager's qualifications

3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement

4. Appointment and Scope: Formal appointment of the Sub-Manager and detailed scope of management services

5. Term and Renewal: Duration of the agreement and conditions for renewal

6. Sub-Manager's Obligations: Detailed responsibilities, performance standards, and reporting requirements

7. Principal Company's Obligations: Support, access, and resources to be provided by the Principal Company

8. Fees and Payment Terms: Management fees, payment schedule, and expense reimbursement

9. Performance Monitoring: KPIs, performance review process, and quality standards

10. Confidentiality: Protection of confidential information and trade secrets

11. Intellectual Property Rights: Ownership and usage rights of IP created during the management services

12. Liability and Indemnification: Limitation of liability and mutual indemnification provisions

13. Termination: Grounds for termination, notice periods, and consequences

14. Post-Termination Obligations: Transition arrangements and continuing obligations

15. Dispute Resolution: Process for resolving disputes, including jurisdiction and governing law

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

Optional Sections

1. Regulatory Compliance: Specific regulatory obligations when operating in regulated industries like financial services or healthcare

2. Data Protection: Detailed data handling and privacy provisions when personal data processing is involved

3. Staff Transfer Provisions: Terms governing the transfer or secondment of employees when the sub-management involves workforce management

4. Non-Compete: Restrictions on competitive activities, required when there's significant exposure to business-critical information

5. Insurance: Specific insurance requirements when the services involve significant operational risks

6. Environmental Compliance: Environmental obligations when management services involve industrial or manufacturing operations

7. Anti-Corruption Compliance: Detailed anti-corruption provisions when dealing with government contracts or high-risk sectors

8. Force Majeure: Expanded force majeure provisions for businesses particularly susceptible to external disruptions

Suggested Schedules

1. Schedule 1 - Services Description: Detailed specification of management services and deliverables

2. Schedule 2 - Fee Structure: Detailed breakdown of fees, calculations, and payment terms

3. Schedule 3 - Key Performance Indicators: Specific performance metrics and measurement criteria

4. Schedule 4 - Required Reports: List and formats of required management reports

5. Schedule 5 - Key Personnel: Details of key management team members and their roles

6. Schedule 6 - Operating Procedures: Standard operating procedures and management protocols

7. Schedule 7 - Service Levels: Detailed service level requirements and penalties

8. Appendix A - Power of Attorney: If required, authorization document for specific management actions

9. Appendix B - Compliance Checklist: Industry-specific compliance requirements and certifications

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

Real Estate & Property Management

Hospitality & Hotels

Manufacturing & Industrial

Healthcare & Medical Facilities

Educational Institutions

Retail & Commercial Operations

Information Technology

Infrastructure & Facilities Management

Asset Management

Business Process Outsourcing

Relevant Teams

Legal

Operations

Compliance

Risk Management

Facilities Management

Project Management

Contract Administration

Business Development

Asset Management

Corporate Governance

Finance

Human Resources

Relevant Roles

Chief Executive Officer

Chief Operating Officer

General Manager

Operations Director

Legal Counsel

Contract Manager

Facility Manager

Project Director

Business Development Manager

Risk Manager

Compliance Officer

Property Manager

Asset Manager

Operations Manager

Management Services Director

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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