A managing director agreement is a contract between a company and an appointed managing director that establishes the terms and conditions of the relationship. Check with a business attorney in your jurisdiction.I believe that it is perfectly legal to sign for both. Find forms, samples and fees for most business entity filings here. Managing Director Agreement Template. Company shall be __________months and for the Managing Director __________month(s). This section of the checklist is included to assist sponsors in clarifying and implementing policies and requirements for the management agreement contract. The agreement protects the parties' rights during the contract term. 17.2 Executive Director Selection. The Contract Administrator may participate with the.