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Commercial Management Agreement

Commercial Management Agreement Template for Singapore

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Key Requirements PROMPT example:

Commercial Management Agreement

"Need a Commercial Management Agreement for our Singapore retail chain, appointing ABC Management Pte Ltd to manage our tHRee shopping centers starting March 2025, with specific KPIs for footfall and tenant satisfaction, and quarterly performance reviews."

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Document background
The Commercial Management Agreement serves as a comprehensive framework for outsourcing management functions in Singapore's business environment. This document is essential when a company seeks to engage external expertise for managing specific aspects of their operations. The agreement includes detailed provisions for service delivery, performance standards, fee structures, and risk allocation, while ensuring compliance with Singapore's regulatory requirements. It's particularly relevant for businesses looking to optimize their operations tHRough professional management services while maintaining clear accountability and performance metrics.
Suggested Sections

1. Parties: Identification and details of the contracting parties (Management Company and Client)

2. Background/Recitals: Context of the agreement and brief description of the parties' intentions

3. Definitions: Key terms used tHRoughout the agreement

4. Scope of Services: Detailed description of management services to be provided

5. Term and Termination: Duration of agreement and circumstances for termination

6. Fees and Payment Terms: Management fees, payment schedule, and related financial terms

7. Obligations of the Parties: Respective responsibilities and duties of both parties

8. Confidentiality: Protection of confidential information and trade secrets

9. Governing Law: Specification of Singapore law as governing law

Optional Sections

1. Performance Metrics: Specific KPIs and performance standards for measuring service delivery effectiveness

2. Insurance Requirements: Detailed insurance coverage requirements and minimum coverage amounts

3. Data Protection: Provisions ensuring compliance with PDPA and data protection requirements

4. Force Majeure: Provisions addressing unforeseen circumstances and their impact on contractual obligations

5. Non-Competition: Restrictions on competitive activities and protection of business interests

Suggested Schedules

1. Schedule of Services: Detailed breakdown of management services including scope and specifications

2. Fee Schedule: Comprehensive breakdown of fees, charges, and payment terms

3. Service Level Agreement: Detailed performance standards, metrics, and service level requirements

4. Key Personnel: List of key management team members and their roles

5. Reporting Requirements: Templates and schedules for required reports and performance monitoring

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Clauses
Appointment
Authority and Scope
Term and Renewal
Management Services
Performance Standards
Service Levels
Fees and Expenses
Payment Terms
Reporting Requirements
Client Obligations
Management Company Obligations
Personnel
Subcontracting
Intellectual Property
Confidentiality
Data Protection
Insurance
Liability and Indemnity
Force Majeure
Termination
Exit Management
Non-Competition
Non-Solicitation
Assignment
Notices
Dispute Resolution
Governing Law
Entire Agreement
Severability
Amendments
Third Party Rights
Compliance with Laws
Anti-Bribery and Corruption
Business Continuity
Audit Rights
Industries

Civil Law Act (Cap. 43): Primary legislation governing contract formation, enforcement, and remedies in Singapore

Electronic Transactions Act (Cap. 88): Regulates electronic transactions and digital signatures in contractual agreements

Contracts (Rights of Third Parties) Act: Governs the rights of third parties to enforce terms of a contract

Companies Act (Cap. 50): Regulates the formation and operation of companies in Singapore

Business Names Registration Act 2014: Governs the registration and use of business names in Singapore

Limited Liability Partnerships Act: Regulates the formation and operation of LLPs in Singapore

Employment Act (Cap. 91): Primary legislation governing employment relationships and workers' rights

Employment of Foreign Manpower Act: Regulates the employment of foreign workers in Singapore

Competition Act (Cap. 50B): Promotes competition and prevents anti-competitive practices in Singapore

Copyright Act: Protects original works and regulates copyright ownership and usage

Trade Marks Act: Governs the registration and protection of trademarks

Patents Act: Regulates patent rights and protection of inventions

Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data

Arbitration Act: Provides framework for arbitration as a dispute resolution mechanism

Mediation Act: Regulates mediation proceedings and enforceability of mediated settlements

Consumer Protection (Fair Trading) Act: Protects consumers against unfair practices and provides remedies

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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