The Management Agreement serves as a comprehensive framework for outsourced management services in Singapore's business environment. It is commonly used when companies seek external expertise for operations, require specialized management services, or implement group-wide management structures. The agreement typically includes detailed provisions for service scope, performance standards, fee structures, and regulatory compliance requirements under Singapore law. This document is essential for establishing clear governance structures, defining reporting relationships, and ensuring alignment with Singapore's corporate governance requirements.
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1. Parties: Identification and details of the management company and the client entity
2. Background: Context of the agreement and brief description of the parties' intentions
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope of Services: Terms of appointment and detailed description of management services to be provided
5. Term and Termination: Duration of agreement and circumstances for termination
6. Fees and Payment Terms: Management fees, payment schedule, and expenses
7. Obligations and Responsibilities: Duties and responsibilities of both parties
8. Confidentiality: Protection of confidential information and trade secrets
9. Governing Law and Jurisdiction: Singapore law provisions and dispute resolution mechanisms
1. Performance Metrics: Specific KPIs and performance evaluation criteria for measuring service delivery standards
2. Intellectual Property: Provisions governing IP rights, ownership, and usage during management services
3. Insurance and Indemnity: Insurance requirements and indemnification provisions for operational risks
4. Data Protection: PDPA compliance requirements and data handling procedures for personal data
5. Force Majeure: Provisions addressing unforeseen circumstances and their impact on service delivery
1. Schedule of Services: Detailed breakdown of management services to be provided
2. Fee Schedule: Detailed breakdown of fees, charges, and payment terms
3. Key Personnel: List of key management team members and their roles
4. Service Level Agreement: Specific performance standards and metrics
5. Compliance Requirements: Industry-specific regulatory requirements and compliance standards
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