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Commercial Management Agreement Template for Pakistan

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Key Requirements PROMPT example:

Commercial Management Agreement

"I need a Commercial Management Agreement for my retail shopping mall in Lahore, where a professional management company will handle all operations, maintenance, and tenant relationships starting from March 2025, with strict performance metrics and quarterly reviews."

Document background
The Commercial Management Agreement serves as a crucial legal instrument in Pakistan's business landscape, designed to facilitate professional management relationships across various commercial sectors. This document is essential when business or property owners wish to delegate management responsibilities to professional management companies while maintaining ultimate ownership and control. It encompasses detailed provisions for service scope, performance metrics, fee structures, and operational guidelines, all aligned with Pakistani commercial law and business practices. The agreement is particularly relevant in scenarios involving commercial properties, business operations, or asset management where specialized expertise is required. The document ensures compliance with local regulations while providing flexibility to accommodate specific business requirements and industry standards.
Suggested Sections

1. Parties: Identification and details of the contracting parties - the company/owner and the management service provider

2. Background: Context of the agreement, brief description of the business, and purpose of the management arrangement

3. Definitions: Definitions of key terms used throughout the agreement

4. Appointment and Scope: Formal appointment of the manager and detailed scope of management services to be provided

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

6. Manager's Rights and Obligations: Comprehensive list of rights, responsibilities, and duties of the management company

7. Company's Rights and Obligations: Rights and obligations of the company/owner, including provision of information and resources

8. Management Fees and Expenses: Fee structure, payment terms, reimbursable expenses, and invoicing procedures

9. Performance Standards: Key performance indicators, service levels, and quality standards

10. Reporting Requirements: Regular reporting obligations, financial statements, and performance reports

11. Intellectual Property Rights: Ownership and usage rights of intellectual property

12. Confidentiality: Protection and handling of confidential information

13. Limitation of Liability: Extent and limitations of manager's liability

14. Termination: Grounds for termination, notice periods, and consequences of termination

15. Post-Termination Obligations: Obligations of parties after termination, including handover requirements

16. Force Majeure: Provisions for unforeseen circumstances and their impact on obligations

17. Notices: Process and requirements for formal communications between parties

18. Governing Law and Jurisdiction: Specification of Pakistani law as governing law and jurisdiction details

19. General Provisions: Standard boilerplate clauses including entire agreement, amendments, and severability

Optional Sections

1. Non-Competition: Restrictions on manager's involvement with competing businesses - include when management has access to sensitive competitive information

2. Employee Matters: Provisions regarding employment and transfer of employees - include when management involves significant HR responsibilities

3. Insurance: Insurance requirements and obligations - include when specific insurance coverage is crucial for the services

4. Compliance with Laws: Specific compliance obligations - include when operating in heavily regulated industries

5. Emergency Powers: Special powers during emergencies - include when managing critical infrastructure or essential services

6. Subcontracting: Rights and conditions for subcontracting - include when subcontracting is likely

7. Environmental Compliance: Environmental obligations - include when managing properties or operations with environmental impact

8. Islamic Finance Compliance: Shariah compliance provisions - include when relevant to the business or parties

Suggested Schedules

1. Schedule 1 - Scope of Services: Detailed breakdown of management services to be provided

2. Schedule 2 - Fee Structure: Detailed fee calculations, incentive mechanisms, and payment terms

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

4. Schedule 4 - Reporting Requirements: Templates and specifications for required reports

5. Schedule 5 - Key Personnel: List of key management personnel and their roles

6. Schedule 6 - Operating Procedures: Detailed operational procedures and protocols

7. Schedule 7 - Assets and Facilities: List of assets, facilities, or properties under management

8. Appendix A - Power of Attorney: Format of power of attorney if required for management functions

9. Appendix B - Service Level Agreement: Detailed service levels and performance standards

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

Hospitality

Retail

Commercial Property

Facility Management

Asset Management

Healthcare

Education

Manufacturing

Logistics

Shopping Centers

Office Buildings

Industrial Parks

Tourism

Infrastructure

Relevant Teams

Legal

Operations

Commercial

Facilities Management

Asset Management

Risk & Compliance

Contract Administration

Business Development

Property Management

Project Management

Relevant Roles

Chief Executive Officer

Managing Director

Operations Director

Facility Manager

Property Manager

Asset Manager

Commercial Director

Legal Counsel

Contract Manager

Business Development Manager

General Manager

Operations Manager

Project Manager

Risk Manager

Compliance Officer

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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