The Management Agreement and Option to Purchase is a legal document designed for use in business transactions in Maricopa. This form outlines essential terms for managing and potentially purchasing a business, detailing the responsibilities of the General Manager, compensation structure, and repair obligations. Users are guided through filling out the agreement with clear sections on the term of the management, listing duties, and stipulating financial arrangements related to the business's net income. The option to purchase clause allows the manager to buy the assets, specifying procedures and conditions for exercising this option. This form serves attorneys, partners, owners, associates, paralegals, and legal assistants by providing a framework for establishing management roles and facilitating business acquisitions. Key features include provisions for termination, exclusive negotiation rights, and the scope for extending the agreement. Overall, this document is a vital resource for those involved in business management and acquisition processes, ensuring clarity and legal compliance.