Management Agreement for Ireland

Management Agreement Template for Ireland

A Management Agreement under Irish law is a comprehensive legal document that establishes the terms and conditions under which management services will be provided to a company. It details the scope of management authority, responsibilities, compensation structure, and operational parameters while ensuring compliance with Irish corporate law, employment regulations, and data protection requirements. The agreement includes provisions for reporting obligations, performance metrics, and termination conditions, structured to protect both the company's interests and the manager's rights while maintaining alignment with Irish legislative requirements and business practices.

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What is a Management Agreement?

The Management Agreement is essential for businesses operating in Ireland that require professional management services, whether through an individual manager or a management company. This document is particularly relevant when a company seeks to formalize its management structure, bring in external expertise, or establish clear governance frameworks. The agreement comprehensively addresses key aspects such as authority levels, decision-making powers, performance expectations, and compensation arrangements, while ensuring compliance with Irish corporate law, employment legislation, and regulatory requirements. It's commonly used in various scenarios including business expansions, corporate restructuring, or when implementing professional management systems. The document serves as a crucial tool for defining the relationship between the company and its management, establishing clear boundaries and expectations while protecting both parties' interests under Irish jurisdiction.

What sections should be included in a Management Agreement?

1. Parties: Identification of the contracting parties - typically the company and the manager/management company

2. Background: Context of the agreement, including brief description of the business and purpose of the management arrangement

3. Definitions: Definitions of key terms used throughout the agreement

4. Appointment and Term: Scope of manager's appointment, commencement date, and duration of the agreement

5. Manager's Duties and Responsibilities: Detailed description of services to be provided and key responsibilities

6. Authority and Limitations: Extent and limitations of manager's authority to act on behalf of the company

7. Company's Obligations: Company's responsibilities and commitments to support the manager's role

8. Compensation and Expenses: Details of management fees, expense reimbursement, and payment terms

9. Reporting Requirements: Manager's obligations regarding financial and operational reporting

10. Confidentiality: Obligations regarding confidential information and trade secrets

11. Intellectual Property: Ownership and usage rights of IP created during the management services

12. Data Protection: GDPR compliance and data handling requirements

13. Termination: Grounds for termination, notice requirements, and consequences

14. Post-Termination Obligations: Obligations surviving termination, including handover requirements

15. General Provisions: Standard boilerplate clauses including governing law, notices, etc.

What sections are optional to include in a Management Agreement?

1. Key Performance Indicators: Specific performance metrics and targets, used when quantifiable performance measurement is required

2. Non-Compete and Non-Solicitation: Restrictions on competitive activities, included when protection against competition is necessary

3. Insurance: Specific insurance requirements, included when management services involve significant risks

4. Corporate Governance: Specific governance requirements, included when manager has board-level responsibilities

5. Regulatory Compliance: Industry-specific regulatory requirements, included for regulated industries

6. Staff and Employment: Terms regarding management of employees, included when manager has HR responsibilities

7. Force Majeure: Provisions for unforeseen circumstances, included when service continuity is critical

8. Dispute Resolution: Specific dispute resolution procedures, included for complex management relationships

What schedules should be included in a Management Agreement?

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

2. Schedule 2 - Fee Structure: Detailed breakdown of fees, including any performance-based components

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

4. Schedule 4 - Performance Metrics: Detailed KPIs and measurement methodologies

5. Schedule 5 - Policies and Procedures: Relevant company policies that the manager must comply with

6. Schedule 6 - Required Reports: Templates and specifications for required reporting

7. Appendix A - Power of Attorney: If applicable, specific powers granted to the manager

8. Appendix B - Insurance Requirements: Detailed insurance coverage requirements and minimum 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

Jurisdiction

Ireland

Publisher

Genie AI

Document Type

Agreement Contract

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Financial Services

Real Estate

Healthcare

Technology

Manufacturing

Retail

Hospitality

Professional Services

Construction

Education

Energy

Transportation and Logistics

Agriculture

Non-Profit Organizations

Relevant Teams

Legal

Human Resources

Operations

Finance

Compliance

Risk Management

Corporate Governance

Executive Leadership

Administrative

Contract Management

Business Development

Strategy

Relevant Roles

Chief Executive Officer

Managing Director

Operations Director

General Manager

Facility Manager

Project Manager

Business Unit Manager

Regional Manager

Department Head

Chief Financial Officer

Chief Operating Officer

Property Manager

Asset Manager

Portfolio Manager

Executive Director

Commercial Director

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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