South Dakota Administrative Services Agreement

State:
Multi-State
Control #:
US-OG-760
Format:
Word; 
Rich Text
Instant download

Description

This agreement is used when The Company owns all of the outstanding shares of common stock of a company involved in the acquisition, exploration, production, transportation, treating and processing of oil, gas, and other minerals and the Company has requested a Manager to provide administrative services to manage the affairs and business of the Company.
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FAQ

A certain category of contracts may be defined as administrative by law. The contracts allowing a private entity to occupy the public domain, for example, allowing a cafe to include part of a sidewalk to sit customers, is considered as an administrative contract.

A contract for deed is a contract where the seller remains the legal owner of the property and the buyer makes monthly payments to the seller to buy the house. The seller remains the legal owner of the property until the contract is paid.

Administrative tasks vary but typically include managing office supplies, answering phone calls and e-mails, scheduling meetings, organizing data, maintaining company records, and drafting relevant documents.

Service Contracts are agreements between a customer or client and a person or company who will be providing services. For example, a Service Contract might be used to define a work-agreement between a contractor and a homeowner. Or, a contract could be used between a business and a freelance web designer.

The administrative service is a supporting unit whose main aim is to control the financial and economic aspects of the scheme for the manager of the organization. Therefore its size and staffing depend largely on the services that are offered (operations, maintenance, irrigation assistance, etc.)

An administrative services agreement is a type of professional services contract in which a company hires a third party to provide administrative services in exchange for compensation. Administrative services can include: Payroll. Property management. Human resources.

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South Dakota Administrative Services Agreement