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The Operating Management Agreement is essential for businesses in Pakistan seeking to delegate operational control to professional management companies while retaining ownership. This document type is commonly used when owners want to benefit from specialized expertise, professional management systems, and established operational procedures without transferring ownership of their assets. The agreement, governed by Pakistani law, typically includes detailed provisions for operational standards, performance metrics, financial arrangements, staff management, and reporting requirements. It's particularly relevant for businesses requiring sophisticated management expertise or those seeking to implement international best practices while operating within Pakistan's legal framework. The document must comply with various Pakistani regulations, including the Contract Act 1872, Companies Act 2017, and relevant industry-specific legislation, while potentially incorporating Islamic law principles where applicable.

1. Parties: Identification of the owner/company and the operator/management company

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

3. Definitions: Detailed definitions of terms used throughout the agreement

4. Appointment and Scope: Terms of appointment of the operator and scope of management services

5. Term and Renewal: Duration of the agreement and renewal provisions

6. Operator's Rights and Obligations: Detailed description of the operator's responsibilities and authority

7. Owner's Rights and Obligations: Owner's responsibilities and retained rights

8. Staff and Employment: Provisions regarding employment, staffing, and human resources management

9. Operating Standards: Required standards of operation and quality requirements

10. Financial Arrangements: Management fees, payment terms, and financial reporting requirements

11. Budgets and Business Plans: Process for preparing and approving budgets and business plans

12. Reporting and Records: Requirements for operational and financial reporting

13. Insurance: Insurance requirements and responsibilities

14. Intellectual Property: Protection and usage of intellectual property rights

15. Termination: Grounds for termination and termination process

16. Post-Termination: Obligations and procedures following termination

17. Liability and Indemnification: Limitations of liability and indemnification provisions

18. Force Majeure: Provisions for unforeseen circumstances and force majeure events

19. Dispute Resolution: Procedures for resolving disputes

20. Governing Law: Applicable law and jurisdiction

21. General Provisions: Standard boilerplate clauses including notices, amendments, etc.