Management Services Agreement Template for Austria

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Key Requirements PROMPT example:

Management Services Agreement

"I need a Management Services Agreement under Austrian law for our holding company to provide strategic management services to our new tech subsidiary, starting March 2025, with particular focus on financial management and operational oversight."

Document background
The Management Services Agreement is a crucial document used when a company seeks to engage external management expertise or establish inter-company management arrangements under Austrian law. This agreement is particularly relevant for corporate restructuring, group company arrangements, or when seeking specialized management expertise. The document comprehensively addresses service scope, performance standards, compensation, and regulatory compliance under Austrian legal framework. It's structured to comply with Austrian corporate law (UGB and GmbHG), while clearly distinguishing the arrangement from employment relationships. The agreement typically includes detailed provisions for GDPR compliance, confidentiality, and intellectual property rights, making it suitable for both domestic and international business relationships within the Austrian legal context.
Suggested Sections

1. Parties: Identification of the service provider (Manager) and the receiving company

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: Terms of appointment and detailed scope of management services

5. Duration: Term of the agreement, including commencement date and renewal provisions

6. Manager's Obligations: Core responsibilities, duties, and performance standards

7. Company's Obligations: Support, information, and resources to be provided by the company

8. Fees and Payment: Compensation structure, payment terms, and expenses

9. Confidentiality: Protection of business secrets and confidential information

10. Data Protection: GDPR compliance and data handling requirements

11. Liability and Indemnification: Extent of manager's liability and indemnification provisions

12. Termination: Grounds for termination, notice periods, and consequences

13. General Provisions: Standard clauses including governing law, notices, and amendments

Optional Sections

1. Intellectual Property: Required when the services involve creation or use of intellectual property

2. Authority and Power of Attorney: Needed when the manager has power to bind the company

3. Non-Competition: Include when restricting manager's ability to work with competitors

4. Performance Metrics: When specific KPIs or performance standards are required

5. Insurance: When specific insurance coverage is required from the manager

6. Compliance with Company Policies: When manager must adhere to specific internal policies

7. Reporting Requirements: When specific reporting structures or frequencies are needed

8. Force Majeure: When specific provisions for unforeseen circumstances are required

Suggested Schedules

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

2. Schedule 2 - Fee Structure: Detailed breakdown of fees, rates, and payment mechanisms

3. Schedule 3 - Key Personnel: List of key individuals providing the management services

4. Schedule 4 - Service Levels: Specific performance metrics and service level requirements

5. Schedule 5 - Company Policies: Relevant company policies applicable to the manager

6. Schedule 6 - Reporting Templates: Standard formats for required reports and updates

7. Appendix A - Power of Attorney: If applicable, detailed scope of manager's authority

8. Appendix B - Insurance Requirements: Specific insurance coverage requirements and limits

Authors

Alex Denne

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

Clauses
Relevant Industries

Professional Services

Financial Services

Manufacturing

Technology

Healthcare

Real Estate

Retail

Hospitality

Construction

Energy

Telecommunications

Transportation

Media and Entertainment

Education

Consulting

Relevant Teams

Legal

Finance

Human Resources

Operations

Corporate Services

Procurement

Compliance

Risk Management

Executive Management

Business Development

Administration

Relevant Roles

Chief Executive Officer

Managing Director

Chief Financial Officer

Operations Director

Project Manager

Management Consultant

Business Development Manager

General Counsel

Legal Director

Corporate Secretary

Finance Manager

HR Director

Department Head

Regional Manager

Interim Manager

Industries
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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