Illinois Management Agreement

• Category: Contracts - Management
• State: Multi-State
• Control #: US-0759BG
• Format: Word; Rich Text

Description

A management contract is an arrangement under which operational control of an enterprise is vested by contract in an independent contractor that performs the necessary managerial functions in return for a fee. Management contracts involve not just selling a method of doing things (as with franchising or licensing) but involve actually doing them. A management contract can involve a wide range of functions, such as technical operation and of a production facility, management of personnel, accounting, marketing services and training.