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Management Fee Agreement
"I need a Management Fee Agreement for our UAE parent company to provide management services to our new subsidiary, with a quarterly fee structure of 3% of gross revenue and the agreement to commence from January 1, 2025."
1. Parties: Identification of the service provider (manager) and the recipient company, including full legal names and registration details
2. Background: Context of the agreement, relationship between parties, and purpose of the management services
3. Definitions: Key terms used throughout the agreement, including 'Management Services', 'Fee Period', 'Commencement Date'
4. Appointment and Scope: Formal appointment of the manager and detailed scope of management services to be provided
5. Term and Duration: Period of the agreement, including start date and any renewal provisions
6. Management Fees: Fee structure, calculation method, payment terms, and timing
7. Payment Terms: Details of invoicing, payment methods, currency, and handling of late payments
8. Obligations of the Manager: Detailed responsibilities and duties of the management service provider
9. Obligations of the Company: Company's responsibilities, including providing information and cooperation
10. Representations and Warranties: Standard warranties from both parties regarding capacity and authority
11. Confidentiality: Protection of confidential information exchanged during the service provision
12. Termination: Grounds for termination, notice requirements, and consequences of termination
13. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes
1. Performance Metrics: Include when management fees are tied to specific performance indicators or KPIs
2. Intellectual Property: Include when management services involve creation or use of intellectual property
3. Non-Competition: Include when the manager should be restricted from providing similar services to competitors
4. Force Majeure: Include when parties want specific provisions for handling unforeseen circumstances
5. Insurance: Include when specific insurance requirements are needed for the management services
6. Compliance with Laws: Include when specific regulatory compliance requirements need to be highlighted
7. Anti-Corruption: Include when dealing with government entities or high-risk sectors
8. Data Protection: Include when management services involve handling personal or sensitive data
9. Assignment and Subcontracting: Include when either party may need to transfer rights or delegate duties
1. Schedule 1 - Scope of Services: Detailed breakdown of management services to be provided
2. Schedule 2 - Fee Calculation: Detailed methodology for calculating management fees, including any formulas or metrics
3. Schedule 3 - Key Personnel: List of key management team members and their roles
4. Schedule 4 - Service Levels: Performance standards and metrics for service delivery
5. Schedule 5 - Reporting Requirements: Format and frequency of management reports and updates
6. Appendix A - Power of Attorney: If required, details of management authority delegation
7. Appendix B - Company Policies: Relevant company policies that the manager must comply with
Authors
Applicable Laws
Business Day
Commencement Date
Confidential Information
Management Fee
Management Services
Initial Term
Intellectual Property Rights
Key Personnel
Manager
Performance Standards
Quarter
Recipient Company
Service Level Requirements
Services Period
Term
Territory
UAE
VAT
Working Hours
Force Majeure Event
Good Industry Practice
Group Company
Material Breach
Payment Date
Performance Metrics
Records
Related Party
Renewal Period
Service Location
Termination Date
Business Plan
Effective Date
Management Report
Operating Budget
Personnel
Service Provider
Subsidiary
Term and Duration
Management Services
Service Standards
Management Fees
Payment Terms
Invoicing
Tax and VAT
Obligations of Manager
Obligations of Company
Key Personnel
Performance Standards
Reporting Requirements
Representations and Warranties
Confidentiality
Intellectual Property
Data Protection
Non-Competition
Force Majeure
Termination
Consequences of Termination
Liability and Indemnification
Insurance
Assignment
Subcontracting
Notice
Severability
Entire Agreement
Amendment
Waiver
Governing Law
Dispute Resolution
Language
Counterparts
Financial Services
Real Estate
Hospitality
Manufacturing
Retail
Professional Services
Construction
Healthcare
Technology
Energy
Transportation and Logistics
Education
Telecommunications
Legal
Finance
Corporate Governance
Operations
Compliance
Risk Management
Treasury
Corporate Affairs
Business Development
Executive Leadership
Chief Executive Officer
Chief Financial Officer
Managing Director
General Manager
Finance Director
Legal Counsel
Corporate Secretary
Operations Director
Group Financial Controller
Commercial Director
Business Development Manager
Compliance Officer
Risk Manager
Board Member
Company Secretary
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