Management Agreement Contract Template for Singapore

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Key Requirements PROMPT example:

Management Agreement Contract

"I need a Management Agreement Contract for my Singapore-based software company to engage an external management firm to handle our Asia-Pacific operations, with specific KPIs for market expansion and a three-year term starting January 2025."

Document background
The Management Agreement Contract is essential for businesses operating in Singapore that seek to establish clear parameters for management services. This document is commonly used when a company or individual provides strategic, operational, or administrative management services to another entity. The agreement, governed by Singapore law, typically includes detailed provisions on service scope, performance standards, fee structures, and termination conditions. It's particularly relevant for businesses seeking professional management expertise while maintaining compliance with Singapore's regulatory framework and corporate governance requirements.
Suggested Sections

1. Parties: Identification and details of the contracting parties

2. Background: Context and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Scope of Services: Detailed description of management services to be provided

5. Term and Termination: Duration of agreement and termination provisions

6. Fees and Payment Terms: Compensation structure and payment details

7. Obligations and Responsibilities: Duties of both parties under the agreement

8. Representations and Warranties: Statements of fact and assurances made by the parties

9. Confidentiality: Protection of confidential information and trade secrets

10. Governing Law and Jurisdiction: Laws governing the agreement and jurisdiction for dispute resolution

Optional Sections

1. Non-Compete: Restrictions on competitive activities during and after the agreement term

2. Force Majeure: Provisions for handling unforeseen circumstances and events beyond parties' control

3. Insurance Requirements: Specific insurance obligations and coverage requirements for both parties

4. Intellectual Property Rights: Provisions regarding ownership and use of intellectual property

5. Assignment and Subcontracting: Rights and restrictions regarding transfer of obligations to third parties

Suggested Schedules

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

2. Schedule 2 - Fee Schedule: Detailed breakdown of fees, payment structure, and payment terms

3. Schedule 3 - Key Performance Indicators: Performance metrics, targets, and evaluation criteria

4. Schedule 4 - Service Level Agreement: Specific service standards, response times, and performance metrics

5. Schedule 5 - Personnel: Key personnel assigned to provide the management services

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

Clauses
Industries

Contract Law (Chapter 53): Primary legislation governing formation and enforcement of contracts in Singapore, including fundamental principles of offer, acceptance, consideration, and contractual obligations

Companies Act (Chapter 50): Regulates corporate entities and their operations in Singapore, relevant for management agreements involving corporate parties

Employment Act (Chapter 91): Relevant when management agreements contain employment-like relationships or terms, governing employer-employee relationships

Securities and Futures Act (Chapter 289): Applies to management agreements involving financial instruments or securities trading activities

Competition Act (Chapter 50B): Ensures management agreements comply with competition laws and don't create unfair market advantages

Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data in management agreements

Income Tax Act: Relevant for tax implications and obligations arising from the management agreement

Goods and Services Tax Act: Addresses GST obligations and considerations in management services

Arbitration Act (Chapter 10): Provides framework for arbitration as a dispute resolution mechanism in management agreements

Mediation Act 2017: Framework for mediation procedures if chosen as an alternative dispute resolution method

Civil Law Act (Chapter 43): Contains general principles of civil law applicable to contracts and commercial relationships

Common Law Principles: Singapore's adoption of English common law principles and relevant case law precedents

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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