This Management Agreement is between an owner of a business and a manager who agrees to provide management services for the owner. This agreement contains a description of the business, specific services the manager will provide, expenditures which will be reimbursed and the amount of management fee. It also sets out who owns the equipment and fixtures within the business and how long the agreement will be in effect. It is crucial that this business arrangement be clearly memorialized in writing. A written Management Agreement will prove invaluable in the event of disagreements, miscommunication or litigation surrounding the management of the business.

This Management Agreement includes the following:

• Parties/Business: Sets forth the name of the manager, the owner and a description of the business (i.e. retail store, grocery store, professional firm);
• Services: Spells out the specific services the manager will provide, including the equipment necessary to perform those services;
• Fees/Expenditures: Total fee to be paid to manager for his/her services and how any expenditures will be reimbursed;
• Equipment: Sets forth who owns the equipment located within the business and whose responsibility it is to ensure all equipment is kept in working order;
• Default: Spells out what events will constitute default under the agreement and remedies either party may take to cure any default;
• Signatures: This agreement must be signed by both the manager and the owner in the presence of witnesses.

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This attorney-prepared packet contains:

1. General Instructions
2. Management Agreement

State Law Compliance: This form complies with the laws of all states