1. Parties: Identification of the contracting parties - the business owner/company and the management service provider
2. Background: Context of the agreement, including brief description of the business and reason for engaging management services
3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation
4. Appointment and Term: Formal appointment of the manager/management company and duration of the agreement, including renewal terms
5. Scope of Services: Detailed description of management services to be provided and specific responsibilities
6. Manager's Authority: Extent and limitations of manager's decision-making power and authority to act on behalf of the business
7. Business Owner's Obligations: Responsibilities and obligations of the business owner, including provision of information and resources
8. Personnel and Resources: Requirements regarding staffing, resources, and support to be provided by each party
9. Fees and Payment Terms: Management fees, payment schedule, expenses, and any performance-based compensation
10. Performance Standards: Key performance indicators, quality standards, and performance evaluation criteria
11. Reporting and Communication: Required reports, meetings, and communication protocols between parties
12. Confidentiality: Protection of confidential information and trade secrets
13. Liability and Indemnification: Allocation of risks, limitations of liability, and indemnification obligations
14. Termination: Grounds for termination, notice requirements, and consequences of termination
15. Post-Termination Obligations: Obligations of parties after contract termination, including handover procedures
16. General Provisions: Standard clauses including governing law, dispute resolution, force majeure, and notices
