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Master Covenant And Agreement
"I need a Master Covenant And Agreement to establish long-term property management arrangements between our real estate investment trust and multiple property management companies, with specific performance metrics and quarterly reporting requirements starting from March 2025."
1. Parties: Identification and details of all parties to the agreement
2. Background: Context and purpose of the agreement, including recitals
3. Definitions: Defined terms used throughout the agreement
4. Covenants: Core obligations and promises made by each party
5. Duration: Term of the agreement and renewal provisions
6. Representations and Warranties: Statements of fact and promises made by the parties about their status and capabilities
7. Termination: Circumstances and procedures for ending the agreement
8. Notices: Requirements for formal communications between parties
9. Governing Law and Jurisdiction: Specification of applicable law and jurisdiction for dispute resolution
1. Change Control: Procedures for making changes to the agreement or underlying obligations
2. Force Majeure: Provisions dealing with unforeseen circumstances preventing performance
3. Assignment and Delegation: Rights and restrictions on transferring obligations to other parties
4. Confidentiality: Provisions for protecting sensitive information shared between parties
5. Data Protection: Compliance with data protection laws and handling of personal data
6. Dispute Resolution: Procedures for resolving disagreements before litigation
1. Schedule 1 - Property Details: Detailed description of any property or assets covered by the agreement
2. Schedule 2 - Performance Requirements: Specific metrics, standards, or service levels to be met
3. Schedule 3 - Payment Terms: Detailed payment provisions, calculations, and schedules
4. Schedule 4 - Change Control Procedures: Detailed procedures for implementing and documenting changes
5. Appendix A - Form of Notice: Standard templates for formal notices under the agreement
6. Appendix B - Deed of Adherence: Template for additional parties to join the agreement
Authors
Applicable Law
Business Day
Commencement Date
Confidential Information
Covenant
Default
Effective Date
Encumbrance
Event of Default
Force Majeure Event
Intellectual Property Rights
Interest Rate
Liability
Material Adverse Effect
Notice
Obligations
Parties
Permitted Assignee
Property
Related Party
Security Interest
Term
Territory
Third Party
Transaction Documents
Working Hours
Duration and Term
Representations and Warranties
Conditions Precedent
Performance Obligations
Payment Terms
Security Provisions
Default and Remedies
Force Majeure
Confidentiality
Intellectual Property
Assignment and Transfer
Variation and Amendment
Notices
Termination
Dispute Resolution
Governing Law and Jurisdiction
Entire Agreement
Severability
Third Party Rights
Costs and Expenses
Waiver
Further Assurance
Counterparts
Compliance with Laws
Insurance
Record Keeping
Indemnification
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