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Termination Of Management Agreement
"I need a Termination of Management Agreement under Hong Kong law for my property management company to end its contract with Golden Tower Holdings Ltd, with specific provisions for a 3-month transition period starting March 1, 2025, and detailed handover requirements for building maintenance records."
1. Parties: Identification of all parties to the termination agreement, including the original management agreement parties
2. Background: Brief recital of the original management agreement and circumstances leading to termination
3. Definitions: Definitions of key terms used in the termination agreement, including reference to definitions from the original agreement
4. Termination Date: Specific date and time when the management agreement will terminate
5. Mutual Release: Provisions for mutual release of claims and obligations between the parties
6. Settlement of Accounts: Details of final payments, reconciliation of accounts, and financial settlements
7. Return of Property: Requirements for return of company property, documents, and data
8. Confidentiality Obligations: Ongoing confidentiality obligations post-termination
9. Non-Disparagement: Mutual agreements regarding non-disparagement
10. Surviving Provisions: Identification of provisions from original agreement that survive termination
11. Governing Law and Jurisdiction: Confirmation of Hong Kong law and jurisdiction
12. Entire Agreement: Standard entire agreement clause
13. Execution: Signature blocks and execution details
1. Transition Services: Required when there needs to be a handover period or transition of management services
2. Non-Compete Obligations: Include when there are post-termination competitive restrictions
3. Third Party Rights: Required when third parties have rights under the original agreement that need addressing
4. Tax Provisions: Include when there are specific tax implications or requirements to be addressed
5. Insurance: Include when there are specific insurance matters to be addressed post-termination
6. Dispute Resolution: Optional detailed dispute resolution procedures beyond standard jurisdiction clause
7. Public Announcements: Include when parties need to agree on public communications about the termination
1. Schedule 1 - Original Management Agreement: Copy or details of the agreement being terminated
2. Schedule 2 - Settlement Calculations: Detailed breakdown of final payments and financial settlements
3. Schedule 3 - Company Property Inventory: List of all property and materials to be returned
4. Schedule 4 - Transition Plan: If applicable, detailed plan for transition of management services
5. Schedule 5 - Outstanding Obligations: List of any continuing obligations or responsibilities
6. Appendix A - Form of Public Announcement: If applicable, agreed form of any public statements
7. Appendix B - Handover Documentation: Templates or forms for documenting the handover process
Authors
Original Management Agreement
Termination Date
Effective Date
Management Services
Manager
Client
Confidential Information
Company Property
Outstanding Fees
Settlement Amount
Transition Period
Transition Services
Handover Date
Released Claims
Surviving Provisions
Business Day
Group
Intellectual Property Rights
Management Fee
Related Documents
Parties
Representatives
Territory
Working Hours
Completion
Disputed Amounts
Material Breach
Force Majeure Event
Losses
Original Parties
Permitted Purpose
Professional Advisers
Relevant Period
Service Level Requirements
Termination Notice
Warranties
Accrued Rights
Applicable Law
Associated Person
Cut-off Date
Termination
Mutual Release
Final Settlement
Payment Terms
Return of Property
Confidentiality
Non-Compete
Non-Solicitation
Intellectual Property
Data Protection
Handover
Transition Services
Outstanding Obligations
Representations and Warranties
Indemnification
Release of Claims
Non-Disparagement
Public Announcements
Further Assurance
Severability
Entire Agreement
Assignment
Notices
Force Majeure
Waiver
Third Party Rights
Governing Law
Jurisdiction
Dispute Resolution
Costs
Counterparts
Surviving Provisions
Real Estate
Financial Services
Investment Management
Professional Services
Hospitality
Retail
Commercial Property
Healthcare
Education
Manufacturing
Technology
Construction
Asset Management
Facilities Management
Legal
Operations
Finance
Compliance
Risk Management
Corporate Services
Business Development
Asset Management
Property Management
Contract Administration
Executive Management
Company Secretarial
Chief Executive Officer
Managing Director
Chief Operating Officer
Legal Counsel
Company Secretary
Operations Director
Facility Manager
Property Manager
Asset Manager
Contract Manager
Business Development Director
Chief Financial Officer
Risk Manager
Compliance Officer
General Manager
Portfolio Manager
Fund Director
Corporate Services Manager
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