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Management Advisory Services Agreement

services and/or goods provided by Altair to the customer under the contract. 18.1. Each party acknowledges that the contract contains the full agreement between the parties and that it has not relied on oral or written statements made by the other or by its colleagues, collaborators, consultants, contractors or enforcement assistants, and has conducted its own independent investigations into all matters relating to it. 10.2. Altair is not liable to the customer for any indirect, special or subsequent damage suffered by the customer, resulting from or related to the provision of goods or services in accordance with the contract (except in relation to death or personal injury related to Altair`s negligence, Altair`s overall liability for all other losses suffered by the customer, or in accordance with the contract (whether as a result of a breach or non-compliance with the contract or an unlawful act or otherwise) with respect to an event or a whole series of related events must not pay the net tax (after deducting expenses and VAT) to Altair as part of the contract or our compensation coverage (if applicable) in accordance with the terms of the undertaking. 13.2. In the event of a breach by the Customer of the obligation under point 13.1, the customer and Altair agree that the customer must pay the liquidated damages corresponding to 33% of the annual remuneration or payment and any other benefit that Altair pays to the person concerned at the rate to be paid the week immediately before Altair`s services are discontinued. “contract,” the agreement between Altair and the customer for the provision of services, including these contractual terms and terms of the undertaking. If the management company is only recruited for a given project, the document can be referred to as a project management consulting agreement or otherwise. The management services agreement should be carefully drafted to provide the manager and his staff with the status of an independent contractor. The IRS rules and government laws to determine the status of independent contractors are too complex for a broad debate here.

However, consideration is given to the extent to which the company is controlled by the manager and the control exercised by the executives over the company. A company may hire an independent contractor to do some work, but if the company is too involved to dictate how the work is done, the relationship can be determined as that of the employer and the worker. Since an agreement on management services is usually a complex and lengthy document, you should consider assisting a lawyer in preparing the agreement to ensure that all details and responsibilities are clearly explained in the document.