STORE MANAGEMENT AGREEMENT Clause Samples
A Store Management Agreement is a contract that outlines the terms under which one party manages the operations of a retail store on behalf of the store owner. Typically, this agreement details the responsibilities of the manager, such as staffing, inventory control, sales reporting, and day-to-day operations, while specifying the compensation structure and performance expectations. By clearly defining the roles and obligations of both the owner and the manager, this clause helps ensure efficient store operations and minimizes disputes over management duties or financial arrangements.
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STORE MANAGEMENT AGREEMENT. Sellers shall have executed and delivered to Purchaser a Store Management Agreement, in mutually agreeable form, with respect to the properties listed on Schedule 6.1(c)(i) and 6.2(c)(ii) as to which consents have not been obtained by Closing, providing for the management of such stores by, at the expense of, and for the account of, Purchaser, during the 90-day period following the Closing Date.