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Interim Management Agreement
"I need an Interim Management Agreement for hiring a turnaround specialist as interim CFO for our Dubai-based manufacturing company for a 6-month period starting March 2025, with specific KPIs related to cost reduction and financial restructuring."
1. Parties: Identification of the company and the interim manager, including full legal names and addresses
2. Background: Context of the appointment, including the purpose of the interim management arrangement and any relevant corporate circumstances
3. Definitions: Key terms used throughout the agreement, including specific UAE legal and business terminology
4. Appointment and Term: Scope of the appointment, duration, and renewal/extension provisions
5. Duties and Responsibilities: Detailed description of the interim manager's role, reporting lines, and key deliverables
6. Time Commitment: Expected working hours, availability, and any flexibility arrangements
7. Remuneration and Expenses: Fee structure, payment terms, reimbursable expenses, and any performance-related elements
8. Relationship Status: Clear statement of the independent contractor status and not employment relationship
9. Termination: Circumstances for termination, notice periods, and consequences of termination
10. Confidentiality: Protection of company information and trade secrets
11. Representations and Warranties: Confirmations regarding qualifications, permits, and authority to enter into the agreement
12. Governing Law and Jurisdiction: Specification of UAE law application and dispute resolution mechanisms
1. Intellectual Property Rights: Required when the interim manager may create or work with valuable IP during the engagement
2. Non-Competition: Include when protecting against competition is crucial, subject to UAE law restrictions
3. Data Protection: Required when the role involves handling personal or sensitive data
4. Force Majeure: Important in long-term interim arrangements or during uncertain business conditions
5. Insurance: Include when professional indemnity or other insurance requirements are necessary
6. Visa and Work Permits: Required for non-UAE resident interim managers
7. Anti-Bribery and Corruption: Important for international companies or when dealing with government entities
8. Assignment and Subcontracting: Include when flexibility in service delivery structure may be needed
1. Services Description: Detailed scope of services, deliverables, and KPIs
2. Fee Schedule: Detailed breakdown of fees, payment structure, and any performance-related compensation
3. Company Policies: Key internal policies the interim manager must comply with
4. Reporting Requirements: Format and frequency of progress reports and performance measures
5. Key Personnel: List of key company contacts and reporting lines
6. Equipment and Resources: Details of any company resources provided to the interim manager
7. Handover Requirements: Specific requirements for knowledge transfer and project handover at term end
Authors
Applicable Laws
Board
Business Day
Company
Company Policies
Commencement Date
Confidential Information
Deliverables
DIFC
Effective Date
Expiry Date
Force Majeure Event
Good Industry Practice
Group
Intellectual Property Rights
Interim Manager
Key Performance Indicators
Management Services
Material Breach
Notice
Parent Company
Performance Standards
Professional Fees
Project
Regulatory Approvals
Related Parties
Reports
Services
Service Level Requirements
Subsidiary
Term
Territory
UAE
Working Hours
Work Product
Term and Duration
Services
Duties and Responsibilities
Authority and Limitations
Remuneration
Expenses
Performance Standards
Reporting Requirements
Time Commitment
Resources and Support
Confidentiality
Data Protection
Intellectual Property
Non-Competition
Non-Solicitation
Representations and Warranties
Compliance with Laws
Independent Contractor Status
Insurance
Indemnification
Force Majeure
Termination
Consequences of Termination
Assignment
Notices
Amendments
Entire Agreement
Severability
Waiver
Third Party Rights
Dispute Resolution
Governing Law
Jurisdiction
Financial Services
Healthcare
Technology
Manufacturing
Real Estate
Retail
Construction
Energy
Professional Services
Hospitality
Education
Telecommunications
Transportation and Logistics
Media and Entertainment
Human Resources
Legal
Executive Leadership
Finance
Operations
Project Management Office
Corporate Development
Strategy
Risk Management
Compliance
Commercial Operations
Business Development
Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
Project Director
Transformation Director
Interim Manager
Crisis Manager
Turnaround Specialist
Program Director
Change Management Director
Department Head
Division Manager
Managing Director
Business Unit Leader
Restructuring Manager
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