The Village Racquet Club Association
MANAGEMENT AGREEMENT TABLE OF CONTENTS
ARTICLE 1‐GENERAL 1.1 Appointment… .................................................................................................................... 2 1.2 Agency Relationship Between Association and Agent… ..................................................... 2 1.3 Agent’s Employees… ........................................................................................................... 2 1.4 Insurance… .......................................................................................................................... 2 ARTICLE II‐SERVICES 2.1 General Duties… ................................................................................................................. 3 2.2 Financial Management… .................................................................................................... 4 2.3 Association Meetings… ........................................................................................................ 4 2.4 Misc. Services… .................................................................................................................... 4 ARTICLE III‐FINANCIAL MANAGEMENT 3.1 Accounts Receivable… ........................................................................................................ 5 3.2 Disbursements… ................................................................................................................. 5 3.3 General Accounting… .......................................................................................................... 5 ARTICLE IV‐ASSOCIATION & AGENT RESPONSIBILITIES 4.1 Documents Furnished to Agent… ........................................................................................ 6 4.2 Agent as Additional Insured… .............................................................................................. 6 4.3 Association Insurance Coverage… ....................................................................................... 6 4.4 Indemnification… ................................................................................................................. 6 4.5 Employees of Association… ................................................................................................. 7 4.6 Audit and Tax Fees… ............................................................................................................ 7 ARTICLE V‐ TERM 5.1 Term… ................................................................................................................................ 7 5.2 Required Notification of Breach ......................................................................................... 7 5.3 Termination with or without Cause… ................................................................................. 7 5.4 Notices… ............................................................................................................................ 7 5.5 Indemnification and Reimbursement Survives Termination… ........................................... 7 ARTICLE VI‐COMPENSATION 6.1 Agent’s Fee… ..................................................................................................................... 8 6.2 Reimbursable Costs… ........................................................................................................ 8 ARTICLE VII‐ MISCELLANEOUS 7.1 Amendment of Agreement… .............................................................................................. 8 7.2 State Law… ........................................................................................................................ 8 7.3 Entire Agreement .............................................................................................................. 8 7.4 Dispute Resolution… ........................................................................................................... 8 7.5 Assignment .......................................................................................................................... 8
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