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Sub Management Agreement Template for Singapore

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Key Requirements PROMPT example:

Sub Management Agreement

"I need a Sub Management Agreement for delegating the management of our Singapore real estate portfolio to ABC Property Management Pte Ltd, starting from March 2025, with specific provisions for quarterly performance reviews and sustainability reporting requirements."

Document background
The Sub Management Agreement is utilized when a primary manager needs to delegate specific management responsibilities to another entity while maintaining oversight and regulatory compliance. This document is particularly relevant in Singapore's sophisticated financial and business environment, where complex management structures are common. The agreement typically includes detailed provisions for service scope, performance standards, regulatory compliance, reporting requirements, and risk allocation. It's designed to align with Singapore's regulatory framework, particularly when dealing with regulated activities under MAS supervision. The Sub Management Agreement serves as a crucial tool for establishing clear accountability and governance structures in delegated management arrangements.
Suggested Sections

1. Parties: Identification of contracting parties and their details

2. Background: Context and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Appointment and Scope: Terms of sub-manager appointment and services scope

5. Duties and Responsibilities: Detailed obligations of the sub-manager

6. Fees and Payment: Compensation structure and payment terms

7. Term and Termination: Duration and termination provisions

8. Compliance and Reporting: Regulatory compliance requirements and reporting obligations

Optional Sections

1. Performance Standards: Specific KPIs and performance metrics - use when specific performance metrics are crucial

2. Intellectual Property: IP rights and obligations - use when IP transfer or creation is involved

3. Data Protection: PDPA compliance provisions - use when personal data processing is involved

4. Insurance: Insurance requirements - use when specific insurance coverage is needed

Suggested Schedules

1. Schedule 1 - Services: Detailed description of services to be provided

2. Schedule 2 - Fee Structure: Detailed breakdown of fees and calculations

3. Schedule 3 - Service Levels: Performance metrics and standards

4. Schedule 4 - Reporting Requirements: Required reports and their frequency

5. Schedule 5 - Key Personnel: List of key personnel and their roles

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























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Industries

Companies Act (Cap. 50): Primary legislation governing corporate entities in Singapore, covering company formation, management, and corporate governance requirements

Civil Law Act (Cap. 43): Fundamental legislation governing civil law matters and contractual relationships in Singapore

Employment Act (Cap. 91): Main legislation governing employment relationships, working conditions, and employee rights in Singapore

Employment of Foreign Manpower Act: Regulates the employment of foreign workers in Singapore, including work pass requirements and employer obligations

Central Provident Fund Act: Governs the mandatory social security savings scheme for Singapore citizens and permanent residents

Securities and Futures Act (Cap. 289): Regulates financial markets and financial services activities in Singapore, including licensing requirements and conduct of business

Personal Data Protection Act 2012: Governs the collection, use, disclosure, and care of personal data by organizations

Competition Act (Cap. 50B): Promotes competition in markets and prohibits anti-competitive practices in Singapore

Anti-Money Laundering Regulations: Framework of laws and regulations to prevent money laundering and terrorism financing, including MAS Notice 626 for banks

Business Registration Act: Governs the registration and regulation of businesses in Singapore

Limited Liability Partnerships Act: Regulates the formation and operation of limited liability partnerships in Singapore

Copyright Act: Protects intellectual property rights related to original works and their usage

Trade Marks Act: Governs the registration and protection of trademarks in Singapore

Patents Act: Regulates the registration and protection of patents in Singapore

MAS Guidelines: Regulatory guidelines issued by the Monetary Authority of Singapore for financial institutions and regulated entities

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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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