The Interim Management Contract is essential when organizations require temporary senior-level expertise during transitions, transformations, or gaps in permanent leadership. This contract type, governed by English and Welsh law, provides a comprehensive framework for engaging interim managers while addressing key aspects such as IR35 compliance, professional indemnity, and clear deliverables. It's particularly valuable for organizations undergoing change management, requiring specialist expertise, or facing unexpected leadership vacancies. The document typically includes detailed provisions for service delivery, performance metrics, confidentiality, and knowledge transfer.
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1. Parties: Details of the client company and the interim manager/management company
2. Background: Context of the appointment and nature of interim management services required
3. Definitions: Key terms used throughout the agreement including relevant legislation references
4. Scope of Services: Detailed description of interim management services to be provided
5. Term and Termination: Duration of engagement and termination provisions
6. Fees and Payment Terms: Compensation structure, payment schedule, and expenses
7. Obligations and Duties: Responsibilities of both parties
8. Confidentiality: Provisions for handling confidential information and trade secrets
9. Intellectual Property: Ownership and rights to work product created during the engagement
10. Data Protection: Compliance with UK GDPR and Data Protection Act 2018
11. Insurance and Liability: Insurance requirements and limitation of liability provisions
12. General Provisions: Standard boilerplate clauses including governing law and jurisdiction
1. Performance Metrics: Specific KPIs and success criteria for measuring the interim manager's performance
2. Equipment and Resources: Provisions for tools, equipment, and resources provided by the client
3. Transition Arrangements: Provisions for handover of responsibilities at the beginning and end of the engagement
4. Non-Compete: Restrictions on working with competitors during and after the engagement
5. Force Majeure: Provisions for handling events beyond the parties' control
1. Schedule 1 - Services Description: Detailed scope of services and deliverables
2. Schedule 2 - Fee Schedule: Detailed breakdown of fees, expenses, and payment terms
3. Schedule 3 - Key Personnel: Details of interim manager and any support team members
4. Appendix A - Insurance Requirements: Specific insurance coverage requirements and minimum coverage amounts
5. Appendix B - Policies and Procedures: Relevant company policies applicable to the interim manager
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