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A Management Agreement sets out the terms when one company or person takes charge of running another organization's operations. In Nigeria, these contracts are common in hospitality, real estate, and manufacturing sectors, where specialized management firms handle day-to-day business activities for property owners or investors.

The agreement spells out key responsibilities, fees, performance targets, and reporting requirements. It must comply with Nigerian corporate laws and often needs board approval under the Companies and Allied Matters Act. Good agreements protect both parties by clearly defining decision-making powers, liability limits, and conditions for termination.

Consider a Management Agreement when bringing in outside expertise to run part of your business operations in Nigeria. This works especially well for hotel owners hiring professional operators, property developers needing specialized management, or companies seeking expert oversight for their manufacturing facilities.

The agreement becomes essential before handing over operational control to protect both parties' interests. It helps navigate complex scenarios like staff transfers, asset management, and profit sharing. Under Nigerian law, having this agreement in place prevents disputes over decision-making authority and creates clear accountability for performance standards and financial reporting.

• Management Agreement Contract: Standard comprehensive agreement for general business management services, covering operational control and decision-making authority
• Social Media Management Contract: Specialized agreement for digital presence management, including content creation and engagement metrics
• Talent Management Agreement: Used in entertainment industry for artist representation and career management
• Managerial Agreement: Focused on individual executive management roles and responsibilities
• Website Management Contract: Covers technical maintenance, updates, and content management for web properties

• Property Owners: Engage management companies to handle their real estate portfolios, hotels, or commercial buildings in Nigerian cities
• Management Companies: Professional firms that take operational control and provide expertise in running specific business units or properties
• Corporate Lawyers: Draft and review Management Agreements to ensure compliance with Nigerian company law and protect client interests
• Board Members: Review and approve these agreements as part of their corporate governance duties
• Industry Regulators: Monitor agreements in regulated sectors like banking and hospitality to ensure compliance with Nigerian standards

• Party Details: Gather full legal names, registration numbers, and addresses of both the management company and property owner
• Scope Definition: List specific services, properties, or operations covered under the agreement
• Financial Terms: Document management fees, payment schedules, and profit-sharing arrangements
• Performance Metrics: Define clear, measurable targets and reporting requirements
• Authority Limits: Outline decision-making powers and spending thresholds
• Duration Terms: Specify agreement length, renewal options, and termination conditions
• Compliance Check: Our platform ensures your agreement meets all Nigerian legal requirements automatically

• Party Identification: Legal names, addresses, and registration details of management company and property owner
• Service Scope: Detailed description of management responsibilities and operational authority
• Duration: Clear start date, term length, and renewal conditions under Nigerian law
• Financial Terms: Management fees, payment schedule, and profit-sharing arrangements
• Performance Standards: Specific metrics, reporting requirements, and quality benchmarks
• Termination Rights: Conditions for ending the agreement and post-termination obligations
• Governing Law: Explicit statement of Nigerian law jurisdiction and dispute resolution process
• Execution Block: Proper signature sections for authorized representatives

While both documents deal with operational control, a Management Agreement differs significantly from a Facilities Management Agreement in several key aspects under Nigerian law.

• Scope of Control: Management Agreements cover broader business operations, strategic decisions, and financial management, while Facilities Management focuses specifically on maintaining physical assets and infrastructure
• Authority Level: Management Agreements grant higher-level decision-making powers, including staff hiring and budget control. Facilities Management limits authority to maintenance and operational tasks
• Financial Structure: Management Agreements often include profit-sharing and performance-based compensation, whereas Facilities Management typically involves fixed service fees
• Regulatory Requirements: Management Agreements need broader corporate compliance and may require board approval. Facilities Management mainly focuses on safety standards and maintenance regulations