The Interim Management Agreement is essential for organizations requiring temporary senior management expertise during transitions, special projects, or crisis periods. This document, designed for use in Australia, establishes a clear commercial relationship between a company and an interim manager or management services provider. It addresses critical aspects such as scope of authority, deliverables, compensation, and termination rights while ensuring compliance with Australian corporate law, particularly the Corporations Act 2001 and related regulations. The agreement is structured to avoid creating an employment relationship while providing necessary protections for both parties, including confidentiality, intellectual property rights, and professional liability considerations. It's particularly valuable during leadership transitions, transformation projects, or when specialized expertise is needed for a defined period.

1. Parties: Identifies and defines the parties: the Company and the Interim Manager (whether individual or management service company)

2. Background: Sets out the context: company's need for interim management services and the Interim Manager's qualifications and expertise

3. Definitions: Defines key terms used throughout the agreement, including Services, Term, Fees, etc.

4. Appointment and Term: Specifies the role, position, and duration of the interim management arrangement

5. Services and Duties: Details the specific services, responsibilities, and deliverables expected from the Interim Manager

6. Time Commitment: Specifies the expected working hours, availability, and any flexibility arrangements

7. Fees and Expenses: Details the compensation structure, payment terms, and reimbursable expenses

8. Relationship of Parties: Clarifies the independent contractor status and not employment relationship

9. Confidentiality: Outlines obligations regarding confidential information and trade secrets

10. Intellectual Property: Addresses ownership and rights to any IP created during the engagement

11. Termination: Sets out circumstances and procedures for ending the agreement

12. Post-Termination Obligations: Specifies continuing obligations after the agreement ends

13. General Provisions: Standard boilerplate clauses including governing law, notices, and entire agreement