Management Agreement Template for Singapore

A Management Agreement sets out the terms when one company or person takes charge of running another organization's operations. In Singapore, these contracts are especially common in real estate, hotels, and investment management, where professional managers handle day-to-day business decisions and asset administration.

The agreement spells out the manager's duties, fees, performance targets, and reporting requirements. It must comply with Singapore's Companies Act and relevant industry regulations, particularly for regulated sectors like fund management. Good agreements include clear termination rights, confidentiality clauses, and specific measures to protect both parties' interests.

Consider a Management Agreement when handing over operational control of your business or property to professional managers. This arrangement works perfectly for property owners seeking expert management of their buildings, business founders stepping back from daily operations, or investment firms needing specialized asset management services.

In Singapore's highly regulated business environment, these agreements prove essential when delegating authority while maintaining oversight. They're particularly valuable for family businesses transitioning to professional management, commercial property portfolios requiring specialized expertise, and companies expanding into new markets where local management knowledge is crucial.

• Property Management Contract: Used for delegating property maintenance, tenant management, and facility operations to professional managers.
• Hotel Management Contract: Specialized agreement for hotel operations, covering brand standards, revenue management, and guest services.
• Construction Project Management Contract: Focuses on construction oversight, contractor coordination, and project delivery.
• Agreement With Managing Director: Details executive responsibilities, compensation, and corporate governance terms.
• Management Agreement Contract: General-purpose template adaptable for various business management scenarios.

• Property Owners: Individuals or companies who engage management services for their real estate assets, from single buildings to large portfolios.
• Management Companies: Professional firms providing operational expertise, often specializing in specific sectors like hospitality or retail.
• Corporate Directors: Board members who review and approve Management Agreements, ensuring alignment with company interests.
• Legal Counsel: Corporate lawyers who draft and review agreements to ensure compliance with Singapore's regulatory requirements.
• Industry Regulators: Government bodies that oversee specific sectors, such as MAS for fund management agreements or URA for property management.

• Basic Details: Gather full legal names, addresses, and registration numbers of all parties involved in the Management Agreement.
• Scope Definition: List specific services, properties, or operations to be managed, including performance metrics and reporting requirements.
• Financial Terms: Document management fees, payment schedules, expense policies, and any performance-based incentives.
• Duration Planning: Decide contract length, renewal terms, and termination conditions that align with business goals.
• Compliance Check: Review Singapore's industry-specific regulations and required permits for your management arrangement.
• Document Generation: Use our platform to create a customized, legally-sound agreement that includes all essential elements.

• Party Details: Complete legal names, registration numbers, and registered addresses of both manager and owner.
• Service Scope: Detailed description of management responsibilities, authority limits, and performance standards.
• Duration Terms: Clear start date, contract period, renewal conditions, and termination provisions.
• Financial Terms: Management fees, payment schedule, expense policies, and performance incentives.
• Liability Clauses: Indemnification terms, insurance requirements, and limitation of liability provisions.
• Governing Law: Explicit statement of Singapore law application and dispute resolution mechanisms.
• Data Protection: PDPA compliance requirements and data handling protocols.

While a Management Agreement and a Agency Agreement might seem similar, they serve distinct purposes in Singapore's business landscape. Understanding these differences helps you choose the right document for your situation.

• Scope of Authority: Management Agreements grant broader operational control and decision-making power, while Agency Agreements typically limit authority to specific transactions or dealings with third parties.
• Duration and Commitment: Management Agreements usually establish long-term operational relationships, whereas Agency Agreements often cover shorter-term or transaction-specific arrangements.
• Responsibility Level: Managers take on day-to-day operational control and strategic decisions, while agents act more as representatives for specific matters.
• Regulatory Framework: Management Agreements fall under corporate governance rules, while Agency Agreements are primarily governed by Singapore's agency law principles.
• Fiduciary Duties: Both create fiduciary relationships, but managers typically have broader accountability for business performance and outcomes.