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Business Management Contract
"I need a Business Management Contract under Belgian law for appointing a CFO as an independent contractor to our technology startup, with specific provisions for stock options and performance-based bonuses, starting March 2025."
1. Parties: Identification of the company and the manager/management entity
2. Background: Context of the agreement and confirmation of manager's independent contractor status
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Scope of appointment, effective date, and duration of the management relationship
5. Management Services: Detailed description of services to be provided by the manager
6. Manager's Obligations: Key responsibilities, performance standards, and reporting requirements
7. Company's Obligations: Support, information, and resources to be provided by the company
8. Remuneration: Management fees, payment terms, and any variable compensation
9. Expenses: Policy on business expenses and reimbursement
10. Intellectual Property: Ownership and protection of IP created during the management relationship
11. Confidentiality: Protection of company information and trade secrets
12. Non-Competition and Non-Solicitation: Restrictions on competitive activities during and after the agreement
13. Termination: Grounds for termination and notice requirements
14. Consequences of Termination: Post-termination obligations and settlements
15. Governing Law and Jurisdiction: Confirmation of Belgian law application and dispute resolution
1. Corporate Governance: Additional provisions for listed companies or companies requiring specific governance standards
2. Insurance: Requirements for professional liability insurance, to be included when manager must maintain specific coverage
3. Data Protection: GDPR compliance provisions, required when personal data processing is involved
4. Force Majeure: Provisions for unforeseen circumstances affecting performance
5. Anti-Corruption: Compliance with anti-corruption laws, particularly important for international businesses
6. Assignment: Rights to transfer or delegate management duties, if permitted
7. Severability: Standard clause for contract validity, optional in Belgian law but often included
8. Key Performance Indicators: Specific performance metrics, when quantifiable targets are required
1. Schedule 1 - Scope of Services: Detailed breakdown of management services and responsibilities
2. Schedule 2 - Fee Structure: Detailed compensation arrangement including any bonus or incentive schemes
3. Schedule 3 - Company Policies: Relevant internal policies the manager must comply with
4. Schedule 4 - Reporting Requirements: Format and frequency of management reports
5. Schedule 5 - Approved External Appointments: List of pre-approved external business activities or directorships
6. Appendix A - Power of Attorney: If specific powers are delegated to the manager
7. Appendix B - Insurance Requirements: Details of required insurance coverage and limits
8. Appendix C - Performance Metrics: Detailed KPIs and assessment criteria if applicable
Authors
Professional Services
Manufacturing
Technology
Financial Services
Healthcare
Retail
Real Estate
Construction
Energy
Telecommunications
Logistics
Consulting
Entertainment
Education
Legal
Human Resources
Executive Office
Corporate Governance
Finance
Operations
Administration
Compliance
Risk Management
Corporate Affairs
Chief Executive Officer
Managing Director
Chief Financial Officer
Chief Operating Officer
Business Unit Director
Regional Manager
Department Head
Executive Director
General Manager
Country Manager
Operations Director
Strategic Advisor
Interim Manager
Project Director
Commercial Director
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