The Management Agreement Between Two Companies is essential when one company wishes to formally engage another for management services. This agreement, governed by English and Welsh law, defines the relationship between the service provider and client company, establishing clear parameters for service delivery, performance expectations, and financial arrangements. It's particularly valuable for inter-company relationships, group structures, or external management arrangements, providing legal protection and operational clarity for both parties while ensuring compliance with UK corporate and commercial law requirements.
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1. Parties: Identification and details of the contracting companies
2. Background: Context and purpose of the management 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: Management fees, payment schedule, and related terms
7. Obligations of the Parties: Responsibilities and duties of both companies
1. Intellectual Property Rights: IP ownership and licensing provisions - include when management services involve creation or use of IP
2. Staff and Secondment: Terms relating to personnel arrangements - include when staff will be seconded between companies
3. Service Levels: Performance metrics and standards - include when specific performance measures are required
4. Change Control: Process for making changes to services - include for complex or long-term arrangements
1. Schedule of Services: Detailed breakdown of management services to be provided
2. Fee Schedule: Detailed breakdown of fees and payment terms
3. Service Level Agreement: Specific performance metrics and standards
4. Key Personnel: List of key staff involved in service delivery
5. Data Processing Agreement: Terms for handling personal data between parties
Relevant legal definitions
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Relevant Industries
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