Management contract agreement

Here’s a sample template for a management contract agreement:

[Date]

[Company Name] [Address] [City, State ZIP Code] [Country] Phone: [Phone Number] Fax: [Fax Number] Email: [Email Address]

[Manager’s Name] [Address] [City, State ZIP Code] [Country] Phone: [Phone Number] Fax: [Fax Number] Email: [Email Address]

Dear [Manager’s Name],

This Management Contract Agreement (the “Agreement”) is made and entered into on [Date] (the “Effective Date”) by and between [Company Name], a [State] corporation having its principal place of business at [Address], [City], [State], [ZIP Code], [Country] (the “Company”), and [Manager’s Name], an individual residing at [Address], [City], [State], [ZIP Code], [Country] (the “Manager”).

1. Appointment of Manager The Company hereby appoints the Manager as the manager of the Company’s [business operations] (the “Business”). The Manager shall have full power and authority to manage and operate the Business on behalf of the Company.
2. Term The term of this Agreement shall be [Duration] years, commencing on [Start Date] and ending on [End Date]. This Agreement may be renewed by mutual agreement of the parties.
3. Duties of Manager The Manager shall perform the following duties: • Manage and operate the Business in accordance with sound business practices. • Make all decisions relating to the management and operation of the Business. • Hire and terminate employees of the Business. • Determine the compensation and benefits of the employees of the Business. • Develop and implement a business plan for the Business. • Prepare an annual budget for the Business. • Prepare financial statements and reports for the Company. • Comply with all applicable laws and regulations relating to the Business. • Provide the Company with regular updates on the status of the Business.
4. Compensation The Manager shall receive a compensation of [Compensation] per [Month/Year], payable on [Payment Date]. In addition, the Manager shall be entitled to receive a bonus of [Bonus] upon the successful completion of the Business plan.
5. Expenses The Manager shall be reimbursed for all reasonable and necessary expenses incurred in the performance of the Manager’s duties under this Agreement.
6. Termination Either party may terminate this Agreement upon [Notice Period] days written notice to the other party.
7. Governing Law This Agreement shall be governed by and construed in accordance with the laws of [State/Country], without regard to its conflict of laws principles.
8. Entire Agreement This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations, understandings and agreements between the parties relating to the subject matter of this Agreement.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

[Company Name]

By: ____________________________ Name: __________________________ Title: ___________________________

[Manager’s Name]

By: ____________________________ Name: __________________________ Title: ___________________________