The Business Management Agreement is essential for businesses in Saudi Arabia seeking to delegate operational control to professional management entities while maintaining compliance with local regulations and Sharia law. This document is typically used when a company wishes to benefit from professional management expertise, during ownership transitions, or when expanding operations requires specialized management capabilities. The agreement comprehensively covers management authority, operational responsibilities, financial controls, and reporting structures, while ensuring alignment with Saudi Arabian commercial laws, foreign investment regulations (if applicable), and Islamic business principles. It's particularly crucial for businesses requiring sophisticated management structures or those involving foreign expertise within the Saudi market.
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1. Parties: Identification of the business owner/company and the management company/manager, including full legal names and addresses
2. Background: Context of the agreement, brief description of the business, and purpose of the management arrangement
3. Definitions: Detailed definitions of key terms used throughout the agreement
4. Appointment and Term: Formal appointment of the manager/management company and duration of the agreement
5. Scope of Services: Detailed description of management services to be provided
6. Manager's Authority: Extent and limitations of management authority, including approval requirements
7. Duties and Responsibilities: Specific obligations of the manager in running the business
8. Owner's Obligations: Responsibilities and commitments of the business owner
9. Fees and Payment Terms: Management fees, payment structure, and payment terms
10. Reporting Requirements: Regular reporting obligations and financial statement requirements
11. Compliance: Obligations to comply with Saudi laws, regulations, and Sharia principles
12. Confidentiality: Protection of confidential information and trade secrets
13. Termination: Grounds for termination, notice requirements, and consequences
14. Handover Provisions: Process for transition upon termination
15. Governing Law and Jurisdiction: Confirmation of Saudi law application and dispute resolution mechanisms
1. Non-Competition: Restrictions on manager's involvement in competing businesses - include when manager has access to sensitive competitive information
2. Intellectual Property Rights: IP ownership and licensing provisions - include when management involves creation or use of intellectual property
3. Force Majeure: Provisions for unforeseen circumstances - particularly relevant in high-risk business environments
4. Insurance: Insurance requirements and obligations - include for high-risk industries or where significant assets are involved
5. Environmental Compliance: Environmental protection obligations - include for industries with environmental impact
6. Shariah Compliance: Detailed Shariah compliance requirements - include when business involves financial services or specific Islamic business practices
7. Foreign Investment Provisions: Specific provisions related to foreign investment - include when manager is non-Saudi
8. Staff and Employment: Provisions regarding employee management - include when manager has authority over staffing
9. Anti-Corruption: Specific anti-corruption provisions - include for government-related or high-value contracts
1. Schedule 1 - Services Description: Detailed breakdown of management services and responsibilities
2. Schedule 2 - Fee Structure: Detailed calculation of management fees, including any performance-based components
3. Schedule 3 - Key Performance Indicators: Specific performance metrics and targets
4. Schedule 4 - Reporting Templates: Required formats for regular management reports
5. Schedule 5 - Authorized Representatives: List of authorized representatives and their authority levels
6. Schedule 6 - Operating Procedures: Detailed operational procedures and protocols
7. Appendix A - Power of Attorney: Format of power of attorney if required for management activities
8. Appendix B - Compliance Checklist: Checklist of regulatory and Shariah compliance requirements
Relevant legal definitions
Clauses
Relevant Industries
Retail
Hospitality
Manufacturing
Real Estate
Healthcare
Education
Technology
Construction
Professional Services
Transportation and Logistics
Entertainment and Tourism
Food and Beverage
Industrial Services
Financial Services (Shariah-compliant)
Relevant Teams
Legal
Operations
Finance
Human Resources
Compliance
Risk Management
Commercial
Business Development
Corporate Governance
Strategy
Administration
Relevant Roles
Chief Executive Officer
Managing Director
General Manager
Operations Director
Business Development Manager
Legal Counsel
Compliance Officer
Finance Director
Human Resources Director
Commercial Director
Board Member
Company Secretary
Risk Manager
Regional Manager
Project Manager
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