Utah Management Agreement between Advisers Managers Trust and Neuberger and Berman Management Inc.
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FAQ
The management contract should outline the scope of the work expected, the timeline for its completion, the compensation the manager will receive for their services, and when they expect to be paid.
An example of a management contract is a contract between a hotel owner and a management company where the management company runs the daily operations of the hotel on behalf of the owner.
A management agreement is a legal contract through which a company enables another company to have control of another business's operations. Business owners often sign these written agreements directly with the management company.
Management contracts involve not just selling a method of doing things (as with franchising or licensing) but actually doing them. A management contract can involve a wide range of functions such as technical operation of a production facility, management of personnel, accounting, marketing services, and training.