Managing Agency Agreement for Singapore

Managing Agency Agreement Template for Singapore

A Managing Agency Agreement under Singapore law is a legally binding contract that establishes the terms and conditions under which a Managing Agent provides management services to a Principal. The agreement is governed by Singapore's legal framework, including the Civil Law Act and Contract Law, and typically outlines the scope of services, responsibilities, compensation structure, and operational procedures. It incorporates specific provisions required under Singapore law while addressing the unique requirements of agency relationships in the Singapore business context.

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What is a Managing Agency Agreement?

The Managing Agency Agreement is essential for businesses in Singapore seeking to delegate management responsibilities to specialized agents. This contract type is commonly used when a Principal requires professional management services but wishes to maintain ultimate control over their assets or operations. The agreement details the Managing Agent's authority, duties, and limitations while ensuring compliance with Singapore's regulatory framework. It's particularly relevant for property management, corporate services, and asset management sectors, where clear delineation of responsibilities and accountability is crucial. The document typically includes comprehensive provisions for service delivery, performance metrics, risk allocation, and termination procedures.

What sections should be included in a Managing Agency Agreement?

1. Parties: Identification and details of the Principal and Managing Agent

2. Background: Context and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Appointment and Scope: Terms of appointment and scope of agency services

5. Duration and Termination: Term of agreement and termination provisions

6. Duties and Responsibilities: Detailed obligations of the Managing Agent

7. Fees and Payment Terms: Compensation structure and payment details

8. Liability and Indemnity: Allocation of risks and responsibilities

What sections are optional to include in a Managing Agency Agreement?

1. Non-Competition: Restrictions on competitive activities - include when protecting business interests is crucial

2. Intellectual Property: IP rights and usage provisions - include when IP is involved in the agency services

3. Insurance: Insurance requirements - include when specific insurance coverage is needed

4. Data Protection: PDPA compliance provisions - include when personal data processing is involved

What schedules should be included in a Managing Agency Agreement?

1. Schedule of Services: Detailed listing of services to be provided by the Managing Agent

2. Fee Schedule: Detailed breakdown of fees and charges

3. Service Level Agreement: Performance metrics and standards for service delivery

4. Key Personnel: List of key team members and their roles in delivering the services

5. Operating Procedures: Detailed operational processes and procedures for service delivery

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

Cost

Free to use

Relevant legal definitions

Clauses

Relevant Industries

Real Estate
Insurance
Facilities Management
Asset Management
Corporate Services

Relevant Teams

Legal
Operations
Finance
Compliance
Business Development
Risk Management

Relevant Roles

Managing Director
Operations Manager
Property Manager
Facilities Manager
Contract Manager
Asset Manager

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Tender Agency Agreement

A Singapore-law governed agreement appointing an agent to manage tender processes, including preparation, evaluation, and administration of tenders.

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What is a Managing Agency Agreement?

What sections should be included in a Managing Agency Agreement?

What sections are optional to include in a Managing Agency Agreement?

What schedules should be included in a Managing Agency Agreement?

Authors

Alex Denne

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