A managing director agreement is a contract between a company and an appointed managing director that establishes the terms and conditions of the relationship. A Massachusetts Operating Agreement creates the policies and procedures for your LLC.Our free, attorney-drafted templates can get you started. Edit, sign, and share employment contract with online. No need to install software, just go to DocHub, and sign up instantly and for free. An agreement among the shareholders of a corporation that complies with this section is effective among the shareholders and the corporation. Need a manager for your Massachusetts LLC? It's easy, if your operating agreement allows it. Here are some key components that are typically included in a Massachusetts LLC operating agreement: Name and Purpose. LLC Management - Member or Manager.