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Interim Management Agreement Template for Singapore

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Key Requirements PROMPT example:

Interim Management Agreement

"Need an Interim Management Agreement for appointing a temporary CFO to oversee our Singapore-based manufacturing company's financial restructuring from March 2025 to September 2025, with specific KPIs related to cost reduction and working capital optimization."

Document background
The Interim Management Agreement is utilized when organizations require temporary leadership or specialized management expertise during transitions, turnarounds, or specific projects. This contract type, governed by Singapore law, defines the temporary nature of the engagement while ensuring compliance with local employment regulations and corporate governance requirements. The agreement typically includes comprehensive details about the interim manager's authority, responsibilities, performance expectations, and remuneration structure, while incorporating necessary protections for both parties through confidentiality, non-compete, and intellectual property provisions.
Suggested Sections

1. Parties: Identification of contracting parties - the company and the interim manager

2. Background: Context of the appointment and circumstances necessitating interim management

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Scope of appointment, duration, and renewal provisions

5. Duties and Responsibilities: Detailed description of interim manager's role and authority

6. Remuneration and Benefits: Compensation structure, payment terms, and any additional benefits

7. Termination: Circumstances and procedures for ending the agreement

8. Confidentiality: Protection of company information and trade secrets

Optional Sections

1. Performance Metrics: Specific KPIs and evaluation criteria - used when specific deliverables or targets are part of the appointment

2. Insurance and Indemnity: Coverage requirements and liability provisions - used for high-risk roles or regulated industries

3. Non-Compete Provisions: Restrictions on future employment or business activities - used when protecting against competitive threats

4. Intellectual Property: Ownership of work product and innovations - used when role involves creation of IP or strategic planning

Suggested Schedules

1. Schedule 1: Scope of Services: Detailed breakdown of responsibilities and deliverables

2. Schedule 2: Remuneration Details: Comprehensive compensation structure including any performance-based elements

3. Schedule 3: Company Policies: Relevant internal policies and procedures

4. Appendix A: Reporting Structure: Organizational chart and reporting relationships

5. Appendix B: Key Performance Indicators: Detailed metrics for performance evaluation

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

























Industries

Employment Act (Chapter 91): Primary legislation governing employment relationships in Singapore, setting out basic terms and working conditions

Companies Act (Chapter 50): Key legislation governing corporate entities, relevant for establishing management authority and corporate governance requirements

Employment of Foreign Manpower Act: Regulates the employment of foreign workers in Singapore, including work pass requirements

Income Tax Act: Governs taxation matters related to employment income and benefits

Central Provident Fund Act: Mandates contributions to Singapore's social security savings system

Work Injury Compensation Act: Provides framework for work-related injury compensation and insurance requirements

Industrial Relations Act: Governs relations between employers and employees, including dispute resolution

Personal Data Protection Act 2012: Regulates collection, use, and disclosure of personal data in Singapore

MAS Guidelines: Regulatory guidelines from Monetary Authority of Singapore, applicable for financial sector appointments

SGX Listing Rules: Requirements for listed companies, including management appointments and corporate governance

Code of Corporate Governance: Best practices for corporate governance in Singapore companies

Competition Act: Regulates competitive practices, relevant for non-compete clauses and market conduct

Contract Law: Common law principles governing formation and enforcement of contracts in Singapore

Unfair Contract Terms Act: Regulates unfair terms in contracts and protects against unreasonable contract provisions

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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