Assignment Of Management Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Assignment Of Management Agreement

"I need an Assignment of Management Agreement for transferring hotel management services from Desert Hospitality LLC to Oasis Hotels Management, effective March 1, 2025, for our 5-star hotel in Dubai; must include employee transfer provisions and UAE regulatory compliance."

Document background
An Assignment Of Management Agreement is a crucial document used when there is a need to transfer the rights and responsibilities under an existing management agreement to a new management company in the UAE. This typically occurs during corporate restructuring, mergers and acquisitions, or strategic business realignment. The document must comply with UAE Federal Laws, particularly the Civil Code (Federal Law No. 5 of 1985) and Commercial Code, ensuring proper transfer of obligations while maintaining service continuity. It addresses key aspects such as transfer timing, liability allocation, employee considerations, and regulatory compliance. The agreement is particularly important in the UAE business context where management agreements are common in various sectors and must account for local commercial practices and legal requirements.
Suggested Sections

1. Parties: Identifies the Assignor (current management company), Assignee (new management company), and the Principal (the party receiving management services)

2. Background: Describes the original Management Agreement, its key terms, and the reason for assignment

3. Definitions: Defines key terms used throughout the agreement, including references to the original agreement

4. Assignment: Core provision transferring rights and obligations under the Management Agreement to the Assignee

5. Effective Date: Specifies when the assignment takes effect

6. Consideration: Details any payment or consideration for the assignment

7. Assignor's Warranties: Warranties regarding the original agreement, its validity, and absence of breaches

8. Assignee's Undertakings: Commitments by the Assignee to perform the management services

9. Principal's Consent: Express consent to the assignment by the Principal

10. Continuing Obligations: Specifies any ongoing obligations of the Assignor

11. Governing Law and Jurisdiction: Confirms UAE law as governing law and specifies jurisdiction for disputes

Optional Sections

1. Employee Provisions: Required when the assignment involves transfer of employees or employee-related obligations

2. Regulatory Approvals: Needed when the assignment requires approval from UAE authorities or regulators

3. Intellectual Property: Required when specific IP rights are being transferred as part of the management agreement

4. Non-Competition: Optional restrictions on the Assignor's future activities

5. Transition Services: Required when the Assignor needs to provide temporary support to the Assignee

6. Asset Transfer: Needed when specific assets or equipment are being transferred with the management rights

7. Data Protection: Required when personal data or confidential information transfer is involved

Suggested Schedules

1. Original Management Agreement: Copy of the original agreement being assigned

2. Assigned Rights and Obligations: Detailed list of all rights and obligations being transferred

3. Required Consents: List of all third-party and regulatory consents obtained or required

4. Employee Information: Details of any employees being transferred (if applicable)

5. Transferred Assets: Inventory of any assets or equipment included in the assignment

6. Service Levels: Specific performance metrics and standards applicable to the Assignee

7. Transition Plan: Detailed timeline and procedures for implementing the assignment

Authors

Alex Denne

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

Relevant legal definitions
Clauses
Relevant Industries

Real Estate

Hospitality

Healthcare

Education

Retail

Manufacturing

Construction

Facilities Management

Professional Services

Technology

Entertainment

Sports & Leisure

Infrastructure

Transport & Logistics

Relevant Teams

Legal

Operations

Corporate Affairs

Compliance

Risk Management

Human Resources

Finance

Commercial

Business Development

Facilities Management

Project Management

Administration

Relevant Roles

Chief Executive Officer

Managing Director

Operations Director

Legal Counsel

Contract Manager

Business Development Manager

Facility Manager

Project Manager

Corporate Secretary

Risk Manager

Compliance Officer

Human Resources Director

Chief Financial Officer

General Manager

Commercial Director

Industries
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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