Contract Management Vs Management Contracting In Los Angeles

• Category: Landlord Tenant - Property Management
• State: Multi-State
• County: Los Angeles
• Control #: US-00059
• Format: Word; Rich Text

Description

The document titled 'Management Agreement and Option to Purchase' outlines the contractual relationship between a manager and a business owner in Los Angeles. It highlights the distinction between contract management, which involves overseeing business activities, and management contracting, where a contractor runs operations while maintaining control over specific functions. Key features of the agreement include the appointment of a General Manager, defined duties, a compensation structure based on net income, and provisions for repairs and termination. The form also provides an option for the manager to purchase business assets, detailing the terms for exercising this option. The filling and editing instructions suggest that users should fill in specific details such as names, dates, and financial amounts where indicated. This document is particularly useful for attorneys, partners, and business owners looking to establish clear operational guidelines and protections in management relationships. Paralegals and legal assistants can assist in drafting and modifying the form as required, ensuring compliance with legal standards and client needs.