Assignment Of Management Agreement Template for Netherlands

The Assignment of Management Agreement is utilized when there is a need to transfer existing management service arrangements from one provider to another in the Netherlands. This may occur during corporate restructurings, business acquisitions, or strategic changes in service providers. The document addresses crucial aspects such as the transfer of rights and obligations, consent requirements, warranties, and transitional arrangements. It ensures compliance with Dutch legal requirements, including the Dutch Civil Code and corporate governance regulations, while maintaining operational continuity. The agreement is particularly important for protecting all parties' interests during the transition, establishing clear liability arrangements, and ensuring uninterrupted management services.

1. Parties: Identification of the Assignor (current management company), Assignee (new management company), and the Company (entity receiving management services)

2. Background: Context of the original management agreement and reasons for assignment

3. Definitions: Defined terms including 'Management Agreement', 'Effective Date', 'Assignment', and other key terms

4. Assignment: Core provision transferring rights and obligations under the Management Agreement from Assignor to Assignee

5. Effective Date: Specification of when the assignment takes effect

6. Consent: Confirmation of Company's consent to the assignment and acknowledgment of the transfer

7. Assumption of Obligations: Assignee's explicit assumption of all duties and obligations under the Management Agreement

8. Release of Assignor: Terms of release of the Assignor from future obligations under the Management Agreement

9. Representations and Warranties: Key statements about authority to assign, validity of Management Agreement, and no defaults

10. Continuing Effect: Confirmation that Management Agreement remains in full force and effect except as modified by assignment

11. Governing Law and Jurisdiction: Specification of Dutch law as governing law and jurisdiction for disputes

12. Counterparts and Execution: Provisions for signing and executing the agreement