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Definitions. Trust management can be conceptualized in two ways, the process by which an individual becomes trustworthy and second, the process of assessing the reliability of other individuals. Both concepts of trust are considered as equally significant in the context of trust management.
A contract management agreement, sometimes called a delegated contract management agreement, is a legal document that allows a company to manage contracts for another party. Sometimes these contracts will be between a company and vendors, employees, customers, or contractors providing goods or services.
The objective of a trust agreement is to give the trustee the legal rights to manage your assets on your behalf, and for the eventual benefit of your beneficiaries. The trustee can either be an individual or an organization.
The main purpose of a management contract is to lay out the terms and conditions of the relationship. This includes the duties and responsibilities of the manager, as well as the compensation they would receive for their services.
As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower's right, title and interest in and to the Management Agreement and all extensions and renewals.
A trust agreement is a legal document that allows the trustor to transfer the ownership of assets to the trustee to be held for the trustor's beneficiaries.