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What's a management services agreement?
Hiring an outside manager offers several advantages compared to hiring an internal employee, such as keeping costs down, and saving time on recruiting and training. If these factors make this option a good fit for your business needs, having the right agreement is important to answer questions about work parameters, responsibilities, payment, and other terms. You can even specify what and how often the manager offers reports on the business and more, with a management services agreement.
Here's the info you'll need to have handy to complete your doc:
Who it's coming from
Determine if a business or individual is sending the doc and have the name and contact info ready.
Who it's going to
Know who this doc is going to and have the individual or business name and contact info ready. If it's a business, make sure you know the business type (LLC, corporation, etc.).
Which state will govern it
Specify state so it's clear what state laws apply to the document.
Have a summary of the general duties and responsibilities of the manager ready.
Be clear about how long you want this agreement's initial term to be, and whether or not it will renew.