A business management agreement is a document wherein the operational control is handed over by the business company to another enterprise to carry out the managerial functions in return of a specific payment. The agreement states the functions that the management company has to perform and other such terms and conditions.
Sample Business Management Agreement
This is a business agreement made on this date of 10th of May 2011 between Mr. Harley Brown, as the representative of the Business company which has its office 5 N. McCormick St. Oklahoma City, OK 73127 and Mr. Stephen Dunifer, as the representative of the management company having its office at 5115 S. 110th East Ave. Tulsa, OK 74146.
Terms and Conditions:
The business company shall be liable to pay the management company, a sum of $ 1, 50,000 every year.
The management company shall be solely responsible for any damages which might be taken place during the managerial activities.
The management company can take liberties while carrying out the functions provided it has the consent of the business company.
Hence, both the parties concerned are in approval of this contract.
Signature of the business company: Signature of the management company: