Document background
The Management Contract serves as a crucial legal document for companies operating in Hong Kong when appointing senior personnel to management positions. This contract type is essential for establishing clear terms of employment, authority levels, and responsibilities for executives and senior managers while ensuring compliance with Hong Kong employment law and corporate governance requirements. It typically includes comprehensive provisions covering appointment terms, compensation structures, performance expectations, protection of company interests through confidentiality and non-compete clauses, and termination procedures. The document is particularly important in Hong Kong's dynamic business environment, where clear delineation of management responsibilities and protection of corporate interests are paramount.
