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Managing Agency Agreement Template for Singapore

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Key Requirements PROMPT example:

Managing Agency Agreement

"I need a Managing Agency Agreement under Singapore law for my property management company to act as managing agent for a new commercial building complex, with specific provisions for facilities management and tenant relations, starting from March 2025."

Document background
The Managing Agency Agreement is essential for businesses in Singapore seeking to delegate management responsibilities to specialized agents. This contract type is commonly used when a Principal requires professional management services but wishes to maintain ultimate control over their assets or operations. The agreement details the Managing Agent's authority, duties, and limitations while ensuring compliance with Singapore's regulatory framework. It's particularly relevant for property management, corporate services, and asset management sectors, where clear delineation of responsibilities and accountability is crucial. The document typically includes comprehensive provisions for service delivery, performance metrics, risk allocation, and termination procedures.
Suggested Sections

1. Parties: Identification and details of the Principal and Managing Agent

2. Background: Context and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Appointment and Scope: Terms of appointment and scope of agency services

5. Duration and Termination: Term of agreement and termination provisions

6. Duties and Responsibilities: Detailed obligations of the Managing Agent

7. Fees and Payment Terms: Compensation structure and payment details

8. Liability and Indemnity: Allocation of risks and responsibilities

Optional Sections

1. Non-Competition: Restrictions on competitive activities - include when protecting business interests is crucial

2. Intellectual Property: IP rights and usage provisions - include when IP is involved in the agency services

3. Insurance: Insurance requirements - include when specific insurance coverage is needed

4. Data Protection: PDPA compliance provisions - include when personal data processing is involved

Suggested Schedules

1. Schedule of Services: Detailed listing of services to be provided by the Managing Agent

2. Fee Schedule: Detailed breakdown of fees and charges

3. Service Level Agreement: Performance metrics and standards for service delivery

4. Key Personnel: List of key team members and their roles in delivering the services

5. Operating Procedures: Detailed operational processes and procedures for service delivery

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



































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Industries

Civil Law Act (Cap. 43): Primary legislation governing civil law matters in Singapore, providing fundamental legal framework for contracts and civil obligations

Contracts Act (Cap. 53): Core legislation governing formation and enforcement of contracts in Singapore, including agency relationships

Companies Act (Cap. 50): Regulates company operations and corporate governance in Singapore, relevant when parties are corporate entities

Agency Law: Common law principles governing agency relationships, including duties, responsibilities, and authority of agents

Securities and Futures Act (Cap. 289): Regulates financial services and securities trading; relevant if agency involves financial services

Monetary Authority of Singapore (MAS) Guidelines: Regulatory guidelines for financial institutions and services in Singapore

Insurance Act (Cap. 142): Governs insurance business and intermediaries in Singapore; applicable if agency involves insurance services

Employment Act (Cap. 91): Important for distinguishing agency relationships from employment relationships

Central Provident Fund Act: Governs mandatory social security savings system; relevant for determining CPF obligations in agency relationships

Estate Agents Act: Specific legislation for real estate agency businesses and agents

Travel Agents Act: Regulates travel agency businesses and their operations

Personal Data Protection Act 2012: Governs collection, use, and disclosure of personal data; crucial for data handling aspects of agency relationships

Arbitration Act (Cap. 10): Framework for arbitration as a dispute resolution mechanism in Singapore

Mediation Act 2017: Provides framework for mediation proceedings and enforceability of mediated settlements

International Treaties: Various international agreements and conventions applicable to cross-border agency relationships

ASEAN Agreements: Regional agreements affecting business relationships within ASEAN member states

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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