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Interim Management Agreement
"I need an Interim Management Agreement for a turnaround specialist who will serve as interim CFO in our manufacturing company from March 2025, with strong performance metrics and crisis management provisions."
1. Parties: Identification of the contracting parties: the company and the interim manager (typically through their management BV)
2. Background: Context of the agreement, including the company's need for interim management and the manager's qualifications
3. Definitions: Definitions of key terms used throughout the agreement
4. Appointment and Scope: Terms of appointment, position, and scope of management services
5. Duration and Termination: Term of the agreement, notice periods, and termination conditions
6. Services and Obligations: Detailed description of services, responsibilities, and performance standards
7. Time Commitment: Expected working hours, availability, and time allocation
8. Fees and Expenses: Compensation structure, payment terms, and reimbursable expenses
9. Independence and Status: Confirmation of independent contractor status and relationship between parties
10. Confidentiality: Protection of confidential information and trade secrets
11. Intellectual Property: Ownership and rights to work products and existing IP
12. Liability and Indemnification: Allocation of risks, liability limitations, and indemnification obligations
13. Insurance: Required insurance coverage and minimum limits
14. Data Protection: GDPR compliance and data processing obligations
15. General Provisions: Standard legal provisions including governing law, jurisdiction, and entire agreement
1. Non-Competition: Restrictions on competing activities, used when the interim manager has access to sensitive market information
2. Non-Solicitation: Restrictions on hiring company employees, used for senior management positions
3. Performance Metrics: Specific KPIs and performance evaluation criteria, used for longer-term assignments or critical turnaround situations
4. Succession Planning: Handover requirements and knowledge transfer, used for planned temporary assignments
5. Corporate Authority: Specific powers of attorney and signing authority, used for statutory director positions
6. International Travel: International travel requirements and related compensation, used for groups with international operations
7. Team and Resources: Allocation of team members and resources, used when the interim manager leads a department or project
8. Regulatory Compliance: Specific regulatory obligations, used in regulated industries like financial services
1. Schedule 1 - Services Description: Detailed description of management services and responsibilities
2. Schedule 2 - Fee Schedule: Detailed breakdown of fees, rates, and payment terms
3. Schedule 3 - Key Performance Indicators: Specific performance metrics and evaluation criteria
4. Schedule 4 - Company Policies: Relevant company policies applicable to the interim manager
5. Schedule 5 - Authorized Representatives: List of authorized company representatives for approvals and communications
6. Appendix A - Required Insurance: Detailed insurance requirements and coverage limits
7. Appendix B - Data Processing Agreement: GDPR-compliant data processing terms and conditions
8. Appendix C - Power of Attorney: Formal power of attorney document if required for the role
Authors
Financial Services
Manufacturing
Technology
Healthcare
Retail
Professional Services
Energy
Telecommunications
Construction
Transportation and Logistics
Education
Non-profit
Real Estate
Media and Entertainment
Legal
Human Resources
Finance
Operations
Information Technology
Executive Office
Procurement
Risk Management
Compliance
Corporate Governance
Project Management Office
Interim CEO
Interim CFO
Interim COO
Interim CTO
Interim HR Director
Interim Project Director
Interim Change Manager
Interim Operations Manager
Interim Financial Controller
Interim Department Head
Interim Program Manager
Interim Crisis Manager
Interim Transformation Director
Interim Division Manager
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