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Management Agreement | Download Free Templates
Team Lawyered
1. What is a Management agreement?
The management agreement is entered into by the company to acquire the manpower required to administer, manage and oversee the internal business and conducts of the workers/employees. In a large corporation, it is very difficult to minutely manage the administration work, therefore companies outsource this department to management companies who use their skills and manpower to manage the operational and administrative work. This agreement states the role of managers, the payment to be made to them by the company, The obligations of the parties, etc.
2. Why is it important?
a. It lays the foundation of the relationship between the managers and the company
b. It helps in avoiding disputes that may arise in the future related to the agreement.
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Sophie Asveld
February 14, 2019
Email is a crucial channel in any marketing mix, and never has this been truer than for today’s entrepreneur. Curious what to say.
Sophie Asveld
February 14, 2019
Email is a crucial channel in any marketing mix, and never has this been truer than for today’s entrepreneur. Curious what to say.