Management Agreement template

What it covers

The agreement’s sections, in order. You read every word of it in your draft once you fill it in and create a free account.

1. 1. APPOINTMENT

   Officially makes one side the other's representative, within the limits the agreement sets.

2. 2. SCOPE OF SERVICES

   Exactly what the manager is being hired to do: the activities, industries, and deals they are allowed to pursue for you.

3. 3. TERRITORY

   The geographic area where the rights granted under this agreement apply.

4. 4. TERM

   How long the agreement runs, and when or how it can end.

5. 5. COMMISSION

   The percentage the manager earns, which income it comes out of, and which income it doesn't touch.

6. 6. SUNSET CLAUSE

   Even after the deal ends, the manager still earns commissions on deals they set up for a defined period.

7. 7. EXPENSES

   Explains who pays for which costs and how shared expenses are handled.

8. 8. ACCOUNTING

   Sets how and when financial statements and royalty reports must be provided.

9. 9. POWER OF ATTORNEY

   Gives someone limited authority to sign certain documents or take specific actions for you.

10. 10. TERMINATION

    The conditions under which either party can end the agreement early.

11. 11. WARRANTIES

    Promises each party makes that certain facts are true, such as actually owning the rights they're licensing.

12. 12. GOVERNING LAW

    Sets which state or country's laws will be used to interpret the agreement.

13. 13. DISPUTE RESOLUTION

    The process parties must follow if they disagree, often mediation or arbitration before going to court.

14. 14. INDEPENDENT LEGAL ADVICE

    Recommends or requires each party to consult their own lawyer before signing, confirming they understand the terms.