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Management Services Agreement Sample

If you are a business owner looking to engage the services of a management company, it is important to have a comprehensive management services agreement in place. This agreement will clearly define the roles and responsibilities of both parties, outline the scope of work to be performed, and establish the terms of the relationship.

A management services agreement sample can serve as a helpful starting point in drafting your own agreement. While every agreement will be unique based on the specific needs of the parties involved, there are some common elements that are typically included.

1. Scope of work: This section of the agreement should clearly outline the services to be provided by the management company. This may include tasks such as financial management, human resources, marketing, or operations management.

2. Compensation: The agreement should detail how the management company will be compensated for their services. This may include a fixed fee, a percentage of profits, or a combination of both.

3. Term and termination: The length of the agreement and the conditions under which either party may terminate should be clearly stated. This section should also address any notice requirements or penalties for early termination.

4. Confidentiality and non-disclosure: It is important to protect sensitive business information, so this section should outline the confidentiality obligations of both parties and any consequences for breach.

5. Liability and indemnification: The agreement should clarify the liability of each party and the circumstances under which one party may be required to indemnify the other.

6. Intellectual property: If the management company will be developing or using any intellectual property on behalf of the business, this section should outline who owns the rights to the intellectual property and any licensing or usage agreements.

7. Governing law and dispute resolution: Finally, the agreement should clarify which state law governs the agreement and set forth the procedures for resolving any disputes that may arise.

While a management services agreement may seem like a daunting document to draft, utilizing a sample agreement as a starting point can make the process more manageable. By clearly defining the roles and responsibilities of both parties and addressing potential issues before they arise, a well-crafted management services agreement can go a long way toward ensuring a successful and productive relationship.