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Interim Management Contract Template for United Arab Emirates

A comprehensive legal agreement governed by UAE law that establishes the terms and conditions for temporary management services provided by an experienced professional in an interim capacity. The document outlines the scope of authority, responsibilities, duration, compensation, and compliance requirements in accordance with UAE Federal Law No. 33 of 2021 and related regulations. It includes specific provisions for performance metrics, reporting structures, and knowledge transfer requirements, while ensuring alignment with UAE labor laws and business practices. The agreement addresses both the operational needs of the business and the regulatory requirements specific to the UAE jurisdiction, including any necessary provisions for work permits and residency visas.

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What is a Interim Management Contract?

The Interim Management Contract is designed for situations requiring temporary senior leadership or specialized management expertise in the UAE business environment. This document type is particularly relevant during organizational transitions, such as during the search for a permanent executive, during major transformation projects, or when specific expertise is needed for a limited period. The contract, governed by UAE law, specifically addresses the unique aspects of temporary management arrangements while ensuring compliance with local labor laws and business regulations. It includes comprehensive provisions for scope of work, authority levels, performance expectations, and knowledge transfer requirements. The document is structured to protect both the company's interests and the interim manager's rights under UAE Federal Law No. 33 of 2021, while providing flexibility to adapt to various business contexts and specific role requirements.

What sections should be included in a Interim Management Contract?

1. Parties: Identification of the contracting company and the interim manager, including full legal names and addresses

2. Background: Context of the appointment, including the reason for requiring interim management services

3. Definitions: Key terms used throughout the agreement, including specific UAE legal terminology

4. Appointment and Term: Specific role, position, and duration of the interim management appointment

5. Duties and Responsibilities: Detailed description of the interim manager's role, authority, and deliverables

6. Time Commitment: Expected working hours, availability, and any on-call requirements

7. Remuneration and Benefits: Fee structure, payment terms, and any additional benefits or allowances

8. Expenses: Policy on business expenses, reimbursement procedures, and limitations

9. Compliance with Laws: Obligations to comply with UAE laws, regulations, and corporate governance requirements

10. Confidentiality: Protection of company information and trade secrets

11. Intellectual Property: Ownership of work products and innovations developed during the engagement

12. Termination: Conditions and procedures for early termination by either party

13. Handover: Requirements for knowledge transfer and transition at the end of the assignment

14. Governing Law and Jurisdiction: Confirmation of UAE law application and dispute resolution procedures

What sections are optional to include in a Interim Management Contract?

1. Non-Competition: Restrictions on working with competitors, used when the interim manager will have access to sensitive competitive information

2. Performance Targets: Specific KPIs and objectives, included when the assignment has definitive measurable goals

3. Visa and Work Permit: Requirements and responsibilities for obtaining necessary permits, included for international interim managers

4. Insurance Coverage: Professional indemnity and other insurance requirements, included for high-risk positions

5. Acting Capacity: Clarification of authority to act on behalf of the company, included for senior executive positions

6. Reporting Structure: Detailed reporting lines and governance structure, included for complex organizations

7. Success Fees: Performance-based additional compensation, included when specific project outcomes are critical

What schedules should be included in a Interim Management Contract?

1. Schedule 1 - Services Description: Detailed scope of services and deliverables expected from the interim manager

2. Schedule 2 - Fee Schedule: Detailed breakdown of fees, payment structure, and any variable compensation elements

3. Schedule 3 - Company Policies: Key internal policies and procedures that the interim manager must comply with

4. Schedule 4 - Reporting Requirements: Format and frequency of progress reports and performance updates

5. Schedule 5 - Key Contacts: List of key stakeholders and their contact information

6. Appendix A - Power of Attorney: If required, specific authorities granted to the interim manager

7. Appendix B - Handover Checklist: Detailed list of items and responsibilities to be transferred at the end of the assignment

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Cost

Free to use

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