Interim Management Contract for Canada

Interim Management Contract Template for Canada

A comprehensive legal agreement governed by Canadian law that establishes the terms and conditions for engaging an interim manager on a temporary basis. This contract defines the scope of services, responsibilities, compensation, and terms of engagement while maintaining compliance with Canadian federal and provincial employment laws. It carefully addresses the independent contractor status of the interim manager, includes provisions for confidentiality and intellectual property protection, and establishes clear performance expectations and termination conditions.

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What is a Interim Management Contract?

The Interim Management Contract is essential for organizations requiring temporary executive leadership or specialized management expertise. This document, structured under Canadian law, is typically used during leadership transitions, special projects, or organizational transformations where temporary senior-level expertise is needed. The contract addresses key aspects including scope of authority, deliverables, compensation, and the independent contractor relationship while ensuring compliance with Canadian tax and employment regulations. It's particularly valuable for companies undergoing restructuring, requiring temporary leadership during recruitment processes, or seeking specialized expertise for specific initiatives. The agreement includes comprehensive provisions for confidentiality, intellectual property protection, and performance metrics, while clearly delineating the temporary nature of the engagement to avoid misclassification risks under Canadian employment law.

What sections should be included in a Interim Management Contract?

1. Parties: Identification of the company and the interim manager, including full legal names and addresses

2. Background: Context of the engagement, including the company's need for interim management services

3. Definitions: Key terms used throughout the agreement, including 'Services', 'Term', 'Deliverables', etc.

4. Appointment and Term: Scope of appointment, position details, and duration of the interim management arrangement

5. Services and Duties: Detailed description of services to be provided and specific responsibilities

6. Time Commitment: Expected working hours, availability, and flexibility requirements

7. Compensation and Payment Terms: Fee structure, payment schedule, expenses, and any performance-based compensation

8. Independent Contractor Status: Clear statement of independent contractor relationship and tax implications

9. Confidentiality: Protection of company information and trade secrets

10. Intellectual Property: Ownership of work product and pre-existing IP

11. Termination: Conditions for early termination, notice periods, and consequences

12. General Provisions: Standard legal clauses including governing law, entire agreement, and amendments

What sections are optional to include in a Interim Management Contract?

1. Non-Competition: Restrictions on working with competitors, used when the interim manager has access to sensitive competitive information

2. Non-Solicitation: Restrictions on hiring company employees or soliciting clients, used for senior roles

3. Performance Metrics: Specific KPIs and performance evaluation criteria, used when compensation is tied to performance

4. Board Reporting: Reporting requirements to the board of directors, used for senior executive interim positions

5. Insurance Requirements: Professional liability and other insurance requirements, used for high-risk roles

6. Succession Planning: Requirements for knowledge transfer and transition, used for longer-term engagements

7. Share Options/Equity: Any equity-based compensation arrangements, used for longer-term strategic interim roles

What schedules should be included in a Interim Management Contract?

1. Schedule A - Services Description: Detailed outline of services, deliverables, and specific projects to be undertaken

2. Schedule B - Compensation Details: Detailed fee structure, including daily/hourly rates, expenses, and any bonus arrangements

3. Schedule C - Key Performance Indicators: Specific metrics and targets for performance evaluation

4. Schedule D - Company Policies: Relevant company policies that apply to the interim manager

5. Appendix 1 - Reporting Structure: Organization chart and reporting relationships

6. Appendix 2 - Required Deliverables: List of specific outputs or achievements expected during the term

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

Jurisdiction

Canada

Publisher

Genie AI

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Financial Services

Technology

Manufacturing

Healthcare

Retail

Professional Services

Energy

Construction

Education

Telecommunications

Mining

Transportation

Real Estate

Non-Profit

Public Sector

Relevant Teams

Human Resources

Legal

Finance

Executive Leadership

Board of Directors

Corporate Governance

Procurement

Operations

Information Technology

Strategy

Risk Management

Relevant Roles

Interim CEO

Interim CFO

Interim COO

Interim CTO

Interim HR Director

Interim Project Director

Interim Operations Manager

Interim Finance Director

Interim Marketing Director

Interim Technology Director

Interim Transformation Director

Interim Department Head

Interim Business Unit Leader

Interim Program 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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