Document background
The Termination Of Management Agreement is a crucial document used when parties wish to formally end their management service relationship. This document is particularly relevant in situations where there is a need to clearly document the conclusion of management services, whether due to mutual agreement, contract completion, or other circumstances. It typically includes comprehensive provisions for the handover of responsibilities, settlement of accounts, and ongoing obligations, all structured in compliance with Indian law. The agreement is essential for risk management and clear documentation of the parties' rights and obligations post-termination. It should address all key aspects of the separation, including confidentiality, intellectual property rights, and any transition arrangements, while ensuring compliance with Indian Contract Act, 1872, and other relevant legislation.
