1. Parties: Identification of the asset owner and the asset manager, including registration details and addresses
2. Background: Context of the agreement, including the owner's desire to appoint the asset manager and the asset manager's qualifications and capabilities
3. Definitions and Interpretation: Detailed definitions of terms used in the agreement and rules of interpretation
4. Appointment and Duration: Formal appointment of the asset manager, scope of authority, and term of the agreement
5. Services and Responsibilities: Detailed description of asset management services to be provided, including property management, leasing, maintenance, and financial management
6. Compliance and Regulatory Requirements: Obligations regarding South African property and financial services regulations, including FAIS Act compliance
7. Fees and Expenses: Structure and calculation of management fees, performance fees, and reimbursable expenses
8. Reporting and Administrative Requirements: Regular reporting obligations, meetings, and record-keeping requirements
9. Powers and Authority of Asset Manager: Scope and limitations of the asset manager's decision-making authority
10. Owner's Obligations: Responsibilities and obligations of the property owner, including funding and information provision
11. Representations and Warranties: Standard representations from both parties regarding capacity, authority, and compliance
12. Insurance and Indemnity: Insurance requirements and mutual indemnification provisions
13. Confidentiality: Protection of confidential information and trade secrets
14. Termination: Grounds for termination, notice requirements, and consequences of termination
15. Post-Termination Obligations: Handover requirements and ongoing obligations after termination
16. General Provisions: Standard boilerplate clauses including notices, assignment, governing law, and dispute resolution
