Exclusive Management Agreement Template for India

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Key Requirements PROMPT example:

Exclusive Management Agreement

"I need an Exclusive Management Agreement for my real estate company in Mumbai, appointing ABC Management Services Ltd. as the exclusive property manager for our portfolio of commercial buildings from January 2025, with special emphasis on sustainability and green building management practices."

Document background
The Exclusive Management Agreement is a specialized contract used in the Indian business context when one entity wishes to delegate management responsibilities exclusively to another party. This document is essential when businesses seek professional management services while ensuring the service provider has exclusive rights to manage specified operations or assets. The agreement, governed by Indian law including the Indian Contract Act 1872 and related legislation, typically includes detailed provisions about management scope, exclusivity terms, compensation structures, and operational controls. It's particularly relevant for businesses undergoing professional management transformation, asset management arrangements, or specialized operational oversight where exclusive control is crucial for effective management.
Suggested Sections

1. Parties: Identification of the appointing entity and the management company, including their registered addresses and company details

2. Background: Context of the agreement, brief description of the parties' businesses, and purpose of entering into the management arrangement

3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation

4. Appointment and Scope: Express appointment of the manager, confirmation of exclusivity, and detailed scope of management services

5. Term and Renewal: Duration of the agreement, commencement date, and provisions for renewal

6. Manager's Rights and Obligations: Detailed responsibilities, authority levels, and specific duties of the manager

7. Client's Obligations: Responsibilities and commitments of the appointing entity, including cooperation and information provision

8. Exclusivity Provisions: Specific terms ensuring and defining the exclusive nature of the arrangement

9. Fees and Payment Terms: Management fees, payment schedule, expenses, and any performance-based compensation

10. Representations and Warranties: Standard and specific warranties from both parties

11. Confidentiality: Protection of confidential information and trade secrets

12. Termination: Grounds for termination, notice periods, and consequences of termination

13. Post-Termination Obligations: Obligations surviving termination, handover requirements, and transition arrangements

14. Indemnification: Mutual indemnification provisions and liability limitations

15. Governing Law and Dispute Resolution: Choice of Indian law and dispute resolution mechanisms

16. General Provisions: Standard boilerplate clauses including notices, amendments, and severability

Optional Sections

1. Intellectual Property Rights: Required when the management services involve creation or use of intellectual property

2. Non-Compete and Non-Solicitation: Added when specific restrictions on competitive activities are needed

3. Insurance: Included when specific insurance requirements need to be maintained by either party

4. Force Majeure: Added when parties want specific provisions for handling unforeseen circumstances

5. Assignment and Subcontracting: Required when either party needs the right to assign or subcontract obligations

6. Data Protection: Necessary when personal data processing is involved in the management services

7. Compliance with Laws: Added when specific regulatory compliance needs to be addressed

8. Performance Metrics: Included when specific performance standards and measurements are required

Suggested Schedules

1. Schedule 1 - Scope of Services: Detailed breakdown of management services to be provided

2. Schedule 2 - Fee Structure: Detailed fee calculations, including base fees, performance fees, and expenses

3. Schedule 3 - Key Personnel: List of key management team members and their roles

4. Schedule 4 - Service Levels: Specific performance standards and metrics

5. Schedule 5 - Reporting Requirements: Details of required reports, frequency, and content

6. Schedule 6 - Operating Procedures: Detailed operational processes and procedures

7. Appendix A - Power of Attorney: If required, specific powers granted to the manager

8. Appendix B - Insurance Requirements: Detailed insurance coverage requirements and minimum limits

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Real Estate

Hospitality

Healthcare

Entertainment

Sports

Retail

Manufacturing

Education

Technology

Financial Services

Professional Services

Infrastructure

Agriculture

Media & Broadcasting

Transportation & Logistics

Relevant Teams

Legal

Operations

Business Development

Compliance

Risk Management

Finance

Strategy

Corporate Affairs

Project Management

Asset Management

Facilities Management

Investment

Commercial

Relevant Roles

Chief Executive Officer

Managing Director

Chief Operating Officer

General Manager

Business Development Manager

Operations Director

Legal Counsel

Contract Manager

Compliance Officer

Project Manager

Asset Manager

Facility Manager

Property Manager

Investment Manager

Portfolio Manager

Business Owner

Company Secretary

Risk Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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