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Management Agreement Contract for Ireland

Management Agreement Contract Template for Ireland

A Management Agreement Contract under Irish law is a comprehensive legal document that establishes the terms and conditions for management services provided either by an individual manager or a management company to a business entity. The agreement, governed by Irish law and compliant with the Companies Act 2014, outlines the scope of management services, responsibilities, compensation structure, performance metrics, and termination conditions. It includes provisions for confidentiality, intellectual property rights, non-compete clauses, and other essential terms specific to the Irish business environment, while ensuring compliance with relevant employment and corporate governance regulations.

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What is a Management Agreement Contract?

The Management Agreement Contract is a crucial document used when a company seeks to formally engage either professional managers or a management company to oversee specific aspects of its operations under Irish law. This agreement is particularly relevant in scenarios involving executive appointments, outsourced management services, or cross-border management arrangements. The document comprehensively addresses key aspects including scope of services, performance expectations, compensation structures, and governance requirements, while ensuring compliance with Irish corporate law, employment regulations, and business practices. It's essential for establishing clear lines of authority, protecting both parties' interests, and ensuring smooth business operations while maintaining corporate governance standards. The agreement typically incorporates specific provisions required under Irish law, including those related to directors' duties under the Companies Act 2014, data protection under GDPR, and relevant employment legislation.

What sections should be included in a Management Agreement Contract?

1. Parties: Identification of the contracting parties - typically the company and the management service provider or individual manager

2. Background: Context of the agreement, including the company's desire to engage management services and the manager's qualifications

3. Definitions: Definitions of key terms used throughout the agreement

4. Appointment and Term: Scope of the management appointment, commencement date, and duration of the agreement

5. Management Services: Detailed description of the services to be provided by the manager

6. Manager's Duties and Responsibilities: Specific obligations, duties, and standards of performance expected from the manager

7. Company's Obligations: Company's responsibilities and commitments to support the manager's role

8. Compensation and Benefits: Details of management fees, bonuses, and other benefits

9. Performance Review: Process and criteria for evaluating the manager's performance

10. Intellectual Property: Ownership and protection of intellectual property created during the management service

11. Confidentiality: Protection of confidential information and trade secrets

12. Non-Competition and Non-Solicitation: Restrictions on competitive activities and solicitation of employees/clients

13. Termination: Grounds and procedures for terminating the agreement

14. Post-Termination Obligations: Obligations that survive the termination of the agreement

15. General Provisions: Standard legal provisions including governing law, notices, and amendments

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

1. Shareholding and Equity Participation: Include when the manager is offered or required to hold shares in the company

2. International Travel: Include when the role requires significant international travel and associated terms

3. Force Majeure: Include when specific provisions for unforeseen circumstances are needed

4. Subsidiary Management: Include when manager's responsibilities extend to subsidiary companies

5. Key Performance Indicators (KPIs): Include when specific performance metrics are central to the role

6. Board Position: Include when the manager will also serve on the company's board

7. Compliance with Group Policies: Include for management roles within larger corporate groups

8. Delegation Authority: Include when specific delegation powers need to be defined

What schedules should be included in a Management Agreement Contract?

1. Schedule 1 - Services Description: Detailed breakdown of management services and responsibilities

2. Schedule 2 - Compensation Structure: Detailed breakdown of all compensation elements including base fee, bonuses, and benefits

3. Schedule 3 - Performance Metrics: Specific KPIs and performance evaluation criteria

4. Schedule 4 - Company Policies: Key company policies applicable to the management role

5. Schedule 5 - Approved Activities: List of pre-approved external activities or directorships

6. Appendix A - Reporting Requirements: Format and frequency of management reports

7. Appendix B - Expense Policy: Guidelines for expense claims and reimbursement

8. Appendix C - Insurance Requirements: Details of required insurance coverage

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 | Serial Founder & Legal AI Author

Jurisdiction

Ireland

Cost

Free to use
Relevant legal definitions



































Clauses




































Relevant Industries

Financial Services

Technology

Manufacturing

Professional Services

Healthcare

Retail

Real Estate

Construction

Hospitality

Education

Telecommunications

Energy

Transportation

Media and Entertainment

Consulting

Relevant Teams

Legal

Human Resources

Executive Leadership

Operations

Finance

Compliance

Corporate Governance

Risk Management

Administration

Strategy

Business Development

Relevant Roles

Chief Executive Officer

Managing Director

Chief Operating Officer

General Manager

Regional Manager

Department Head

Executive Director

Operations Manager

Project Manager

Business Unit Manager

Facility Manager

Country Manager

Division Head

Program Director

Branch Manager

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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