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Management Agreements
Management Agreements are formed to support a range of scenarios. An example includes a situation where a person may be interested in buying a business, but they do not have the funds available to purchase it straight away. A management agreement could enable them to manage the business and it may also set out the terms for their eventual acquisition of the business.
For all parties to feel secure and clear about what will occur, a well-drafted management agreement is key.
Clinch Long Letherbarrow have helped many clients to draw up a management agreement that factors in all important considerations, in a manner that is easy for all parties to understand and follow.
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