Business Management Letter PDF

BUSINESS MANAGEMENT LETTER

Date:

Client Name:     Client Address:

Manager Name:     Manager Address:

RECITALS

WHEREAS, Client Name: is engaged in the operation of its business and desires to obtain business management and administrative services; and

WHEREAS, Manager Name: has the experience and resources to provide such management services under the terms set forth in this letter; and

NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, Client and Manager agree as follows.

SCOPE OF WORK

Manager shall provide comprehensive business management services including, without limitation, financial oversight, vendor management, operational optimization, personnel coordination, strategic planning assistance, and regular reporting as reasonably requested by Client. The specific duties, deliverables and performance standards will be as set forth below.

PAYMENT TERMS

Client shall pay Manager the fees described below in consideration for the services rendered. All fees are due and payable in accordance with the schedule set forth in this Agreement. Manager shall submit invoices in the form and with such supporting documentation as reasonably requested by Client.

TERM AND TERMINATION

This Agreement shall commence on and shall continue until unless earlier terminated as provided below.

Either party may terminate this Agreement for cause upon written notice if the other party materially breaches a material obligation under this Agreement and fails to cure such breach within thirty (30) days following receipt of written notice specifying the nature of the breach. Termination shall not relieve Client of its obligation to pay fees for services performed through the effective date of termination.

CONFIDENTIALITY

During the Term and thereafter, each party shall hold in strict confidence and not disclose to any third party Confidential Information of the other party. "Confidential Information" means non-public business, financial, technical or other information designated as confidential or that reasonably should be understood to be confidential given the nature of the information and the circumstances of disclosure. The receiving party shall use Confidential Information only for the purposes of performing its obligations under this Agreement.

REPORTING, RECORDS AND DELIVERABLES

Manager shall prepare and deliver periodic reports summarizing activities, financial status, and recommendations. Manager shall maintain complete and accurate records of services provided and shall make such records available to Client upon reasonable request.

INDEMNIFICATION AND LIMITATION OF LIABILITY

Each party shall indemnify, defend and hold harmless the other party from losses, damages, claims or liabilities arising out of its gross negligence, willful misconduct or material breach of this Agreement. Except for liability arising from gross negligence or willful misconduct, neither party shall be liable to the other for consequential, incidental, punitive or exemplary damages.

GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the State of , without regard to its conflict of laws principles. The parties submit to the exclusive jurisdiction of the courts located in such state for any dispute arising under or in connection with this Agreement.

ENTIRE AGREEMENT

This Agreement, including all attachments and schedules incorporated herein, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, representations, and understandings of the parties, whether written or oral. Any amendment or modification must be in writing and signed by both parties.

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