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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."
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
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
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
Assignee
Assignor
Assignment Date
Assignment Rights
Assigned Obligations
Applicable Laws
Business Day
Completion
Completion Date
Confidential Information
Consent
Consideration
Effective Date
Encumbrance
Force Majeure
Governmental Authority
Initial Management Agreement
Intellectual Property Rights
Liabilities
Management Services
Material Adverse Effect
Original Agreement Date
Parties
Principal
Property
Regulatory Approvals
Related Parties
Representatives
Service Levels
Termination Date
Transition Period
Transition Plan
UAE
Working Hours
Consideration
Consent
Warranties and Representations
Undertakings
Conditions Precedent
Completion
Transfer of Rights
Transfer of Obligations
Continuing Obligations
Transition Services
Employee Matters
Intellectual Property
Confidentiality
Data Protection
Non-Competition
Force Majeure
Liability and Indemnification
Insurance
Regulatory Compliance
Anti-Corruption
Notices
Amendment
Severability
Waiver
Entire Agreement
Further Assurance
Assignment and Transfer
Costs and Expenses
Counterparts
Third Party Rights
Governing Law
Dispute Resolution
Real Estate
Hospitality
Healthcare
Education
Retail
Manufacturing
Construction
Facilities Management
Professional Services
Technology
Entertainment
Sports & Leisure
Infrastructure
Transport & Logistics
Legal
Operations
Corporate Affairs
Compliance
Risk Management
Human Resources
Finance
Commercial
Business Development
Facilities Management
Project Management
Administration
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
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