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Exclusive Management Agreement
"I need an Exclusive Management Agreement for my boutique hotel in Lagos, Nigeria, where I want to engage a professional hospitality management company to handle all aspects of hotel operations starting March 2025, with strict performance metrics and quarterly review requirements."
1. Parties: Identification and details of the contracting parties
2. Background: Context of the agreement and brief description of the parties' business relationship
3. Definitions: Definitions of key terms used throughout the agreement
4. Appointment and Scope: Terms of manager's appointment and scope of management services
5. Exclusivity: Terms and extent of the exclusive management arrangement
6. Manager's Rights and Responsibilities: Detailed outline of the manager's authority, duties, and obligations
7. Client's Obligations: Responsibilities and commitments of the client
8. Term and Termination: Duration of the agreement and circumstances for termination
9. Compensation: Management fees, payment terms, and other financial arrangements
10. Intellectual Property: Ownership and usage rights of intellectual property
11. Confidentiality: Protection of confidential information and trade secrets
12. Non-Competition: Restrictions on competitive activities
13. Indemnification: Mutual indemnification provisions
14. General Provisions: Standard clauses including notices, amendments, governing law, etc.
1. Force Majeure: Provisions for unforeseen circumstances - include if operating in volatile markets or regions
2. Insurance: Insurance requirements - include if significant operational risks exist
3. Assignment: Rights to transfer the agreement - include if transfer rights are important to either party
4. Dispute Resolution: Specific dispute resolution procedures - include if parties prefer arbitration or mediation
5. Personnel Requirements: Specific staffing obligations - include if particular expertise or qualifications are required
6. Performance Metrics: Specific performance standards - include if quantifiable targets are essential
7. Compliance with Laws: Specific regulatory compliance - include if operating in heavily regulated industries
8. Currency and Exchange Rates: Currency provisions - include if international payments are involved
1. Schedule 1 - Services Description: Detailed description of management services to be provided
2. Schedule 2 - Fee Structure: Detailed breakdown of management fees, calculations, and payment terms
3. Schedule 3 - Key Personnel: List of key management personnel and their roles
4. Schedule 4 - Performance Metrics: Specific performance indicators and measurement criteria
5. Schedule 5 - Reporting Requirements: Details of required reports and reporting frequencies
6. Schedule 6 - Operating Procedures: Standard operating procedures and protocols
7. Appendix A - Power of Attorney: If required, detailed scope of manager's authority to act on behalf of client
8. Appendix B - Insurance Requirements: Specific insurance types and coverage amounts required
Authors
Real Estate
Hospitality
Healthcare
Manufacturing
Entertainment
Sports Management
Retail
Agriculture
Oil and Gas
Mining
Infrastructure
Transportation
Education
Technology
Financial Services
Legal
Operations
Finance
Compliance
Risk Management
Human Resources
Business Development
Facilities Management
Asset Management
Project Management
Investment
Contract Administration
Corporate Governance
Executive Leadership
Chief Executive Officer
Managing Director
Operations Director
General Manager
Business Development Manager
Legal Counsel
Contract Manager
Compliance Officer
Chief Financial Officer
Property Manager
Facility Manager
Asset Manager
Investment Manager
Project Manager
Human Resources Director
Risk Manager
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