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Non Exclusive Management Agreement
"I need a Non-Exclusive Management Agreement for my Lagos-based real estate company, allowing a property management firm to handle our residential portfolio of 50 units starting March 2025, with quarterly performance reviews and the flexibility to work with other management companies."
1. Parties: Identification and details of the Principal and the Management Company
2. Background: Context of the agreement and brief description of the parties' business relationship
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope: Terms of appointment and detailed scope of management services
5. Non-Exclusivity: Clear statement of non-exclusive nature and rights of both parties to engage with others
6. Term and Termination: Duration of the agreement and conditions for termination
7. Management Services: Detailed description of services to be provided
8. Duties and Responsibilities: Specific obligations of the Management Company
9. Compensation and Payment Terms: Fee structure, payment schedule, and related financial terms
10. Reporting and Performance Standards: Requirements for reporting and quality of service delivery
11. Confidentiality: Protection of confidential information and trade secrets
12. Intellectual Property Rights: Ownership and usage rights of IP created during the engagement
13. Indemnification: Mutual indemnification obligations and liability limitations
14. General Provisions: Standard legal clauses including notices, amendments, and governing law
1. Non-Solicitation: Restrictions on hiring each other's employees, used when parties have significant staff interaction
2. Insurance: Insurance requirements, included when services involve significant risks or regulatory requirements
3. Force Majeure: Provisions for unforeseen circumstances, important in long-term or high-value agreements
4. Dispute Resolution: Specific procedures for resolving disputes, included when parties prefer alternative dispute resolution
5. Compliance with Laws: Specific regulatory compliance requirements, needed in regulated industries
6. Assignment and Subcontracting: Rights to transfer obligations or use subcontractors, included when relevant to business model
7. Data Protection: Specific data handling requirements, needed when personal or sensitive data is involved
1. Schedule A - Services Description: Detailed breakdown of management services to be provided
2. Schedule B - Fee Structure: Detailed fee calculations, rates, and payment terms
3. Schedule C - Key Performance Indicators: Specific metrics for measuring performance
4. Schedule D - Reporting Requirements: Templates and timing for required reports
5. Schedule E - Key Personnel: List of key team members and their roles
6. Appendix 1 - Service Level Agreement: Detailed service standards and response times
7. Appendix 2 - Compliance Requirements: Specific regulatory or industry compliance requirements
Authors
Professional Services
Real Estate
Healthcare
Hospitality
Entertainment
Manufacturing
Retail
Technology
Education
Construction
Agriculture
Mining
Oil and Gas
Financial Services
Telecommunications
Legal
Operations
Finance
Compliance
Risk Management
Business Development
Project Management
Facilities Management
Commercial
Administration
Corporate Services
Chief Executive Officer
Managing Director
Operations Director
Legal Counsel
Contract Manager
Business Development Manager
Project Manager
Facility Manager
Department Head
Regional Manager
Commercial Director
Chief Financial Officer
Risk Manager
Compliance Officer
General Manager
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