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Commercial Management Agreement
"I need a Commercial Management Agreement for my retail business where we're hiring an external company to manage our three stores in California, with a focus on inventory management and staff supervision, starting March 2025."
1. Parties: Identification of the parties entering into the agreement, including legal names and addresses
2. Background/Recitals: Context and purpose of the agreement, including any relevant business relationship history
3. Definitions: Key terms used throughout the agreement and their specific meanings
4. Scope of Services: Detailed description of management services to be provided
5. Term and Termination: Duration of the agreement and conditions for termination
6. Compensation: Fee structure, payment terms, and reimbursement provisions
7. Obligations and Responsibilities: Specific duties of each party under the agreement
1. Non-Compete: Restrictions on competitive activities - used when protecting business interests from competition is crucial
2. Force Majeure: Provisions for unforeseeable circumstances - used when operations might be affected by external events
3. Insurance Requirements: Specific insurance coverage requirements - used when management involves significant operational risks
4. Intellectual Property Rights: Protection of IP and ownership provisions - used when management involves creation or use of intellectual property
1. Schedule of Services: Detailed breakdown of management services to be provided
2. Fee Schedule: Detailed breakdown of all fees, charges, and payment terms
3. Performance Metrics: KPIs and performance measurement criteria
4. Operational Procedures: Specific procedures and protocols for management activities
5. Insurance Requirements Schedule: Detailed insurance coverage requirements and limits
Authors
Applicable Laws
Business Day
Commencement Date
Confidential Information
Effective Date
Events of Default
Fee Schedule
Force Majeure Event
Good Industry Practice
Intellectual Property Rights
Key Performance Indicators
Management Fee
Management Services
Operating Budget
Operating Expenses
Property
Quarter
Reports
Service Level Requirements
Service Provider
Service Recipient
Term
Termination Date
Territory
Term and Termination
Compensation and Fees
Performance Standards
Reporting Requirements
Confidentiality
Intellectual Property
Indemnification
Insurance
Force Majeure
Non-Competition
Non-Solicitation
Budget and Financial Management
Health and Safety
Compliance with Laws
Record Keeping
Assignment and Subcontracting
Dispute Resolution
Limitation of Liability
Representations and Warranties
Notice Requirements
Amendment and Modification
Governing Law
Severability
Entire Agreement
Authority and Capacity
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