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Interim Management Agreement
"I need an Interim Management Agreement for a turnaround CFO position at our manufacturing company in Munich, starting March 2025 for 9 months, with specific KPIs for cost reduction and restructuring objectives."
1. Parties: Identification of the contracting company and the interim manager/management company, including full legal names, registration details, and addresses
2. Background: Context of the engagement, including the company's need for interim management services and the interim manager's qualifications
3. Definitions: Key terms used throughout the agreement, including 'Services', 'Deliverables', 'Confidential Information', and specific company terminology
4. Appointment and Scope: Terms of appointment, confirmation of independent contractor status, and detailed scope of services
5. Term and Time Commitment: Duration of the agreement and expected time commitment from the interim manager
6. Duties and Responsibilities: Detailed description of the interim manager's duties, authority levels, and reporting requirements
7. Fees and Expenses: Payment terms, fee structure, reimbursable expenses, and invoicing procedures
8. Independent Contractor Status: Clear stipulation of the interim manager's status as an independent contractor, not an employee
9. Confidentiality: Obligations regarding confidential information, both during and after the engagement
10. Data Protection: Compliance with GDPR and German data protection laws, data handling requirements
11. Intellectual Property: Ownership and rights to work products created during the engagement
12. Liability and Indemnification: Scope of liability, limitations, and indemnification provisions
13. Termination: Conditions for termination, notice periods, and consequences of termination
14. Post-Termination Obligations: Continuing obligations after the end of the agreement
15. General Provisions: Standard legal provisions including governing law, jurisdiction, and entire agreement
1. Corporate Authority: Required when the interim manager will have official corporate positions or signing authority
2. Performance Metrics: Include when specific performance targets or KPIs are part of the engagement
3. Success Fees: Used when additional compensation is tied to achieving specific objectives
4. Insurance: Detailed insurance requirements when the company requires specific coverage
5. Non-Competition: Include when restricting the interim manager's ability to work with competitors
6. Works Council Interaction: Required when the role involves significant interaction with works councils
7. International Travel: Include when the role requires international travel and associated terms
8. Team and Resources: Used when the interim manager will manage a team or require specific resources
9. Crisis Management: Include for turnaround or crisis management situations
1. Schedule 1 - Services Description: Detailed description of services, deliverables, and specific projects
2. Schedule 2 - Fee Schedule: Detailed breakdown of fees, rates, and payment terms
3. Schedule 3 - Key Performance Indicators: Specific metrics and targets for measuring performance
4. Schedule 4 - Company Policies: Relevant company policies applicable to the interim manager
5. Schedule 5 - Reporting Requirements: Format and frequency of required reports and updates
6. Appendix A - Power of Attorney: If required, specific authorities granted to the interim manager
7. Appendix B - Data Protection Agreement: Detailed data protection and processing requirements
8. Appendix C - Handover Plan: Template or requirements for final handover of responsibilities
Authors
Affiliate
Applicable Law
Business Day
Client
Company Group
Company Policies
Confidential Information
Data Protection Laws
Deliverables
Effective Date
Fee Schedule
Force Majeure Event
Good Industry Practice
Initial Term
Intellectual Property Rights
Interim Manager
Key Performance Indicators
Management Services
Personal Data
Project
Representatives
Scope of Services
Service Level Requirements
Service Period
Subsidiary
Success Criteria
Term
Territory
Work Product
Works Council
Business Records
Company Assets
Handover Plan
Material Breach
Notice
Professional Standards
Reports
Supervisory Board
Trade Secrets
Term
Services
Independent Contractor Status
Duties and Responsibilities
Authority
Fees and Expenses
Payment Terms
Performance Standards
Reporting Requirements
Confidentiality
Data Protection
Intellectual Property
Non-Competition
Non-Solicitation
Liability
Indemnification
Insurance
Force Majeure
Termination
Notice
Handover
Corporate Governance
Compliance
Warranties
Representations
Assignment
Subcontracting
Amendment
Severability
Entire Agreement
Governing Law
Dispute Resolution
Third Party Rights
Time of Essence
Waiver
Costs
Counterparts
Survival
Manufacturing
Financial Services
Technology
Healthcare
Retail
Professional Services
Energy
Telecommunications
Automotive
Construction
Logistics
Pharmaceuticals
Real Estate
Media and Entertainment
Consumer Goods
Legal
Human Resources
Finance
Operations
Procurement
Corporate Governance
Risk Management
Compliance
Business Development
Strategy
Project Management Office
Corporate Communications
Chief Executive Officer (CEO)
Chief Financial Officer (CFO)
Chief Operations Officer (COO)
Chief Restructuring Officer (CRO)
Managing Director
Program Director
Transformation Director
Division Head
Project Manager
Turnaround Manager
Change Manager
Department Head
Business Unit Leader
Operations Manager
Finance Director
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