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The Business Management Contract is a crucial document used when a business owner wishes to delegate management responsibilities to a professional management service provider in the Philippines. This agreement is particularly relevant for businesses seeking professional management expertise, during ownership transitions, or when implementing corporate restructuring. The contract must comply with Philippine legislation, including the Civil Code, Corporation Code, and relevant industry regulations. It typically includes detailed provisions on management scope, authority limits, performance metrics, financial arrangements, and operational procedures. The document is essential for protecting both parties' interests while ensuring clear accountability and efficient business operations within the Philippine legal framework.

1. Parties: Identification of the contracting parties - the business owner/company and the management service provider

2. Background: Context of the agreement, including brief description of the business and reason for engaging management services

3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation

4. Appointment and Term: Formal appointment of the manager/management company and duration of the agreement, including renewal terms

5. Scope of Services: Detailed description of management services to be provided and specific responsibilities

6. Manager's Authority: Extent and limitations of manager's decision-making power and authority to act on behalf of the business

7. Business Owner's Obligations: Responsibilities and obligations of the business owner, including provision of information and resources

8. Personnel and Resources: Requirements regarding staffing, resources, and support to be provided by each party

9. Fees and Payment Terms: Management fees, payment schedule, expenses, and any performance-based compensation

10. Performance Standards: Key performance indicators, quality standards, and performance evaluation criteria

11. Reporting and Communication: Required reports, meetings, and communication protocols between parties

12. Confidentiality: Protection of confidential information and trade secrets

13. Liability and Indemnification: Allocation of risks, limitations of liability, and indemnification obligations

14. Termination: Grounds for termination, notice requirements, and consequences of termination

15. Post-Termination Obligations: Obligations of parties after contract termination, including handover procedures

16. General Provisions: Standard clauses including governing law, dispute re����ֱ��, force majeure, and notices