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Bar Management Agreement
"I need a Bar Management Agreement for my new high-end cocktail bar in Kuala Lumpur, starting operations in March 2025, with specific KPIs for revenue targets and customer satisfaction, and provisions for profit-sharing once targets are met."
1. Parties: Identification of the bar owner/lessor and the management company
2. Background: Context of the agreement, including property description and business objectives
3. Definitions and Interpretation: Key terms used throughout the agreement and rules of interpretation
4. Appointment and Term: Scope of manager's appointment and duration of the agreement
5. Manager's Rights and Obligations: Detailed responsibilities of the management company including operations, staffing, and maintenance
6. Owner's Rights and Obligations: Owner's responsibilities including property maintenance, licenses, and cooperation requirements
7. Licenses and Permits: Requirements for obtaining and maintaining necessary operational licenses
8. Financial Terms: Management fees, revenue sharing, operating accounts, and financial reporting requirements
9. Staff and Employment: Employment arrangements, responsibilities for staff management and costs
10. Insurance and Liability: Required insurance coverage and allocation of risks
11. Termination: Grounds for termination, notice requirements, and consequences
12. Confidentiality: Protection of confidential information and trade secrets
13. Governing Law and Dispute Resolution: Applicable law and mechanisms for resolving disputes
14. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment
1. Intellectual Property: Required when the bar operates under specific branding or uses proprietary systems
2. Non-Competition: Include when restricting the manager from operating competing establishments
3. Force Majeure: Particularly relevant in post-COVID context or areas with frequent disruptions
4. Environmental Compliance: Required for establishments in environmentally sensitive areas or with specific environmental obligations
5. Marketing and Promotion: Include when the manager has specific marketing responsibilities or budget
6. Renovation and Refurbishment: Needed when agreement includes provisions for periodic upgrades or renovations
1. Property Description: Detailed description of the premises, including floor plans and facilities
2. Inventory of Assets: List of furniture, equipment, and other assets included in the management arrangement
3. Operating Standards: Detailed operational procedures and quality standards
4. Fee Structure: Detailed breakdown of management fees, incentive fees, and calculation methods
5. Required Insurance: Specific insurance types and coverage amounts required
6. Licenses and Permits: List of required licenses and permits with renewal dates
7. Key Performance Indicators: Performance metrics and targets for management evaluation
Authors
Hospitality
Food and Beverage
Entertainment
Leisure
Tourism
Property Management
Retail
Legal
Operations
Finance
Compliance
Human Resources
Property Management
Risk Management
Business Development
Facilities Management
General Manager
Operations Director
Bar Manager
Legal Counsel
Compliance Officer
Finance Director
Property Owner
Business Development Manager
Facilities Manager
Human Resources Manager
Licensing Manager
Risk Manager
Contract Administrator
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