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A Management Agreement sets out the terms under which one party manages assets, operations, or services on behalf of another in Austria. These contracts are especially common in real estate, hotels, and investment management, where professional managers take on day-to-day operational responsibilities while the owner maintains ultimate control.

Under Austrian law, these agreements must clearly outline the manager's duties, compensation structure, and decision-making authority. Key elements typically include performance standards, reporting requirements, and termination conditions. The Austrian Civil Code (ABGB) governs these contracts, requiring them to follow specific rules about fiduciary duties and proper documentation of the management relationship.

Consider using a Management Agreement when bringing in professional expertise to run part of your business while maintaining ownership control. This setup works particularly well for Austrian property owners hiring firms to manage their real estate portfolios, hotel operators seeking specialized management, or investment companies delegating fund operations.

The agreement becomes essential when operations require specific industry knowledge or when scaling up makes hands-on ownership impractical. Austrian law requires clear documentation of such arrangements, especially regarding financial responsibilities and operational authority. Having this agreement in place protects both parties and ensures compliance with local regulatory requirements for delegated management structures.

• Talent Management Contract: Focuses on artist and performer representation, outlining promotion, booking, and career development services.
• Construction Management Agreement: Governs project oversight, contractor coordination, and construction timeline management.
• Event Planner Contract Agreement: Details event coordination, vendor management, and logistics planning responsibilities.
• Aircraft Management Agreement: Covers maintenance, crew staffing, and operational management of private aircraft.
• Management Services Agreement: Broad template for general business management services, adaptable across industries.

• Property Owners: Typically landlords, real estate investors, or building developers who need professional management of their assets while retaining ownership.
• Management Companies: Professional firms that take on operational responsibilities, including property maintenance, tenant relations, or business operations.
• Legal Counsel: Austrian attorneys who draft and review Management Agreements to ensure compliance with local laws and protect client interests.
• Industry Specialists: Hotel operators, asset managers, or facility management experts who provide specialized operational expertise.
• Financial Controllers: Oversee financial reporting, budgeting, and performance metrics outlined in the agreement.

• Basic Details: Collect full legal names, addresses, and registration numbers of all parties involved in the management relationship.
• Scope Definition: List specific services, responsibilities, and operational areas the manager will oversee.
• Financial Terms: Document management fees, payment schedules, expense policies, and performance-based incentives.
• Performance Metrics: Define clear, measurable success indicators and reporting requirements.
• Duration & Terms: Specify agreement length, renewal options, and termination conditions.
• Compliance Check: Our platform ensures your Management Agreement meets all Austrian legal requirements while maintaining clarity and enforceability.

• Party Details: Full legal names, addresses, and registration numbers of manager and owner, with signing authority verification.
• Service Scope: Detailed description of management responsibilities, authority limits, and operational boundaries.
• Compensation Terms: Clear fee structure, payment schedule, and expense reimbursement policies under Austrian tax law.
• Duration & Termination: Agreement period, renewal options, and conditions for early termination.
• Liability & Insurance: Risk allocation, required insurance coverage, and indemnification provisions.
• Data Protection: GDPR-compliant procedures for handling sensitive information.
• Dispute Re����ֱ��: Austrian jurisdiction clause and preferred method of conflict re����ֱ��.

A Management Agreement differs significantly from a Consultancy Agreement in several key aspects. While both involve professional services, their scope and nature of engagement vary considerably under Austrian law.

• Authority Level: Management Agreements grant broader operational control and decision-making power, while Consultancy Agreements typically limit authority to advisory roles only.
• Duration: Management Agreements usually establish longer-term relationships with ongoing operational responsibilities, whereas Consultancy Agreements often cover specific projects or limited timeframes.
• Integration: Managers become deeply embedded in daily operations, while consultants maintain independence and work externally.
• Liability Scope: Management Agreements carry greater fiduciary responsibilities and operational risks under Austrian law, compared to the limited advisory liability in consultancy relationships.
• Compensation Structure: Management fees often include performance-based components, while consulting fees typically follow fixed or time-based models.