Management Contract
A Management Contract is a document used to outline the terms of an agreement to have a business managed by a third party.
Last updated February 26, 2025
Suitable for Australia
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Frequently asked questions
Use this Management Contract if:
- You are a company looking to hire an external manager for a business you own
- You wish to clarify the manager’s responsibilities, powers, and term of engagement
What does this document cover:
- The powers and obligations of the Manager
- The term of engagement, and payment for the Agreement
- Early Termination, Dispute Resolution, and Indemnity Terms
For more information:
View Sample Management Contract
The Legal Risk Score of a Management Contract Template is Low
Our legal team have marked this document as low risk considering:
- The agreement allows the Manager to engage in other managerial roles concurrently, which might lead to potential conflicts of interest or dilution of focus on the Company’s business needs.
- The Manager has extensive powers to manage and make decisions for the business, which could lead to actions that may not always align with the Company's long-term strategic goals if not closely monitored.
- The document lacks specificity in areas such as the exact nature of the expertise provided by the Manager, which might lead to misaligned expectations between the parties regarding the scope of services to be delivered.
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