The Interim Management Agreement is essential when organizations require temporary senior leadership or specialized management expertise. This contract type, governed by English and Welsh law, provides a framework for engaging experienced professionals on a non-permanent basis. It addresses key aspects including scope of work, deliverables, compensation, and legal compliance, particularly with IR35 regulations. The agreement ensures clear differentiation from employment relationships while protecting both parties' interests through detailed terms covering confidentiality, intellectual property, and professional obligations.
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1. Parties: Details of the company engaging the interim manager and the interim manager/management company
2. Background: Context of the engagement and brief description of why interim management is required
3. Definitions: Key terms used throughout the agreement including relevant legislation references
4. Appointment and Term: Scope of appointment, duration, and renewal terms
5. Services: Detailed description of services to be provided and service standards
6. Fees and Expenses: Payment terms, rate, and expense reimbursement policy
7. Obligations of the Interim Manager: Key responsibilities, commitments, and compliance requirements
8. Obligations of the Company: Company's responsibilities to enable the interim manager's work
9. Termination: Circumstances and process for ending the agreement
10. Confidentiality: Protection of sensitive information and trade secrets
1. Regulatory Compliance: Specific obligations relating to regulated activities and FCA requirements
2. Director's Duties: Additional obligations when acting in capacity of director under Companies Act 2006
3. Non-Competition: Restrictions on working with competitors and post-termination restrictions
4. International Travel: Terms and conditions for overseas work and international assignments
5. Key Performance Indicators: Specific measurable targets and performance metrics
1. Schedule 1: Services Description: Detailed scope of services, deliverables and performance standards
2. Schedule 2: Fee Schedule: Detailed breakdown of fees, rates, and payment terms
3. Schedule 3: Key Personnel: Details of specific individuals providing services and their qualifications
4. Schedule 4: Company Policies: Relevant internal policies applicable to interim manager
5. Appendix A: Service Level Agreement: Specific performance metrics and service standards
6. Appendix B: Insurance Requirements: Required insurance coverage details and minimum coverage amounts
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