[{"data":1,"prerenderedAt":516},["ShallowReactive",2],{"document-investment-management-agreement-D13990":3},{"document":4,"label":23,"preview":11,"thumb":24,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":25,"breadcrumb":29,"related":37,"customDescModule":170,"customdescription":6,"mdFm":171,"mdProseHtml":515},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":16,"keywords":15},"INVESTMENT MANAGEMENT AGREEMENT This Investment Management Agreement (the \"Agreement\") is made and effective this [DATE], BETWEEN: [CLIENT NAME] (the \"Client\"), an [individual/company] with its principal place of business located at: [YOUR COMPLETE ADDRESS] AND: [MANAGER NAME] (the \"Manager\"), an investment management firm organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], [COUNTRY], with its principal place of business located at: [COMPLETE ADDRESS] WHEREAS, the Client desires to engage the Manager to provide investment management services under the terms and conditions set forth herein; WHEREAS, the Manager agrees to provide such services to the Client in accordance with the terms and conditions of this Agreement; IT IS HEREBY AGREED THAT: SCOPE OF SERVICES 1.1 The Manager agrees to manage the investment portfolio of the Client (the \"Portfolio\") in accordance with the Client's investment objectives, policies, and restrictions as set forth in Exhibit A. [Attach detailed investment policy statement.] 1.2 The Manager will provide the following services: a. Develop and implement an investment strategy tailored to the Client's objectives. b. Make investment decisions on behalf of the Client, including the purchase and sale of securities. c. Monitor the performance of the Portfolio and provide regular performance reports to the Client. d. Rebalance the Portfolio as necessary to maintain alignment with the Client's investment objectives. e. Provide the Client with access to investment research and market analysis. AUTHORITY 2.1 The Client grants the Manager discretionary authority to manage the Portfolio, including the authority to make investment decisions without prior consultation with the Client. 2.2 The Manager agrees to act in the best interests of the Client and in accordance with the investment objectives and policies set forth in Exhibit A. TERM 3.1 The term of this Agreement shall commence on [START DATE] and continue until [END DATE], unless terminated earlier in accordance with this Agreement. 3.2 Either Party may terminate this Agreement by providing [NUMBER OF DAYS] days' written notice to the other Party. 3.3 In the event of termination, the Manager will cooperate with the Client to ensure a smooth transition of the Portfolio to the Client or a new investment manager. COMPENSATION 4.1 The Client agrees to pay the Manager an annual management fee of [PERCENTAGE]% of the Portfolio's assets under management, payable as follows: [PAYMENT TERMS]. 4.2 The Manager will calculate and invoice the management fee on a [MONTHLY/QUARTERLY] basis, based on the average market value of the Portfolio during the billing period. 4.3 The Client agrees to pay each invoice within [NUMBER OF DAYS] days of receipt. 4.4 Late payments will incur a late fee of [LATE FEE AMOUNT] or [PERCENTAGE]% per month until paid in full. CLIENT RESPONSIBILITIES 5.1 The Client agrees to provide the Manager with all necessary information regarding the Client's financial situation, investment objectives, and risk tolerance. 5.2 The Client agrees to promptly notify the Manager of any changes to the Client's financial situation or investment objectives that may affect the management of the Portfolio. 5.3 The Client acknowledges that investment decisions made by the Manager are based on information provided by the Client and the Client's investment objectives and policies. CONFIDENTIALITY 6.1 The Manager agrees to maintain the confidentiality of all proprietary and confidential information of the Client, both during and after the term of this Agreement. 6.2 The Manager will not disclose any confidential information to third parties without prior written consent from the Client. 6.3 The obligations of confidentiality will survive the termination of this Agreement. COMPLIANCE WITH LAWS 7.1 The Manager agrees to comply with all applicable laws and regulations in the performance of its duties under this Agreement. 7.2 The Manager will obtain and maintain all necessary licenses and permits required for the provision of investment management services. 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NOW, THEREFORE, it is agreed as follows: NON-DISCLOSURE OF CONFIDENTIAL INFORMATION Both Parties understand and agree that each Party may have access to the confidential information of the other party. For the purposes of this Agreement, \"Confidential Information\" means proprietary and confidential information about the Disclosing Party's (or it's suppliers') business or activities. Such information includes all business, financial, technical, and other information marked or designated by such Party as \"confidential\" or \"proprietary.\" Confidential Information also includes information which, by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential. For the purposes of this Agreement, Confidential Information does not include: Information that is currently in the public domain or that enters the public domain after the signing of this Agreement. Information a Party lawfully receives from a third Party without restriction on disclosure and without breach of a non-disclosure obligation. Information that the Receiving Party knew prior to receiving any Confidential Information from the Disclosing Party. Information that the Receiving Party independently develops without reliance on any Confidential Information from the Disclosing Party. Each Party agrees that it will not disclose to any third Party or use any Confidential Information disclosed to it by the other Party except when expressly permitted in writing by the other Party. Each Party also agrees that it will take all reasonable measures to maintain the confidentiality of all Confidential Information of the other Party in its possession or control. TERM The term of this Agreement is [number] of [years/months] from the date of execution by both Parties. TITLE The Receiving Party agrees that all Confidential Information furnished by the Disclosing Party shall remain the sole property of the Disclosing Party. DISCLAIMER","Non Disclosure Agreement Nda","3","https://templates.business-in-a-box.com/imgs/1000px/non-disclosure-agreement-nda-D12692.png","https://templates.business-in-a-box.com/imgs/250px/12692.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12692.xml",{"title":94,"description":6},"non disclosure agreement nda",[96,98],{"label":18,"url":97},"business-legal-agreements",{"label":99,"url":100},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",{"description":103,"descriptionCustom":6,"label":104,"pages":105,"size":106,"extension":10,"preview":107,"thumb":108,"svgFrame":109,"seoMetadata":110,"parents":111,"keywords":115,"url":116},"INDEPENDENT CONTRACTOR AGREEMENT This Independent Contractor Agreement (\"Agreement\") is made and effective [Date], BETWEEN: [INDEPENDENT CONTRACTOR NAME] (the \"Independent Contractor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Company\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] RECITALS Independent Contractor is engaged in providing [Describe] business services, its Employer Tax I.D. Number is [Insert], and its Business License Number is [insert]. Independent Contractor has complied with all Federal, State, and local laws regarding business permits, sales permits, licenses, reporting requirements, tax withholding requirements, and other legal requirements of any kind that may be required to carry out said business and the Scope of Work which is to be performed as an Independent Contractor pursuant to this Agreement. Independent Contractor is or remains open to conducting similar tasks or activities for clients other than the Company and holds themselves out to the public to be a separate business entity. Company desires to engage and contract for the services of the Independent Contractor to perform certain tasks as set forth below. Independent Contractor desires to enter into this Agreement and perform as an independent contractor for the company and is willing to do so on the terms and conditions set forth below. NOW, THEREFORE, in consideration of the above recitals and the mutual promises and conditions contained in this Agreement, the Parties agree as follows: TERMS This Agreement shall be effective commencing [Date], and shall continue until terminated at the completion of the Scope of Work which shall occur no later than [Date] or by either party as otherwise provided herein. STATUS OF INDEPENDENT CONTRACTOR This Agreement does not constitute a hiring by either party. It is the parties intentions that Independent Contractor shall have an independent contractor status and not be an employee for any purposes, including, but not limited to, [laws]. Independent Contractor shall retain sole and absolute discretion in the manner and means of carrying out their activities and responsibilities under this Agreement. This Agreement shall not be considered or construed to be a partnership or joint venture, and the Company shall not be liable for any obligations incurred by Independent Contractor unless specifically authorized in writing. Independent Contractor shall not act as an agent of the Company, ostensibly or otherwise, nor bind the Company in any manner, unless specifically authorized to do so in writing. TASKS, DUTIES, AND SCOPE OF WORK Independent Contractor agrees to devote as much time, attention, and energy as necessary to complete or achieve the following: [Describe]. The above to be referred to in this Agreement as the \"Scope of Work\". It is expected that the Scope of Work will completed by [Date]. Independent Contractor shall additionally perform any and all tasks and duties associated with the Scope of Work set forth above, including but not limited to, work being performed already or related change orders. Independent Contractor shall not be entitled to engage in any activities which are not expressly set forth by this Agreement. The books and records related to the Scope of Work set forth in this Agreement shall be maintained by the Independent Contractor at the Independent Contractor's principal place of business and open to inspection by Company during regular working hours. Documents to which Company will be entitled to inspect include, but are not limited to, any and all contract documents, change orders/purchase orders and work authorized by Independent Contractor or Company on existing or potential projects related to this Agreement. Independent Contractor shall be responsible to the management and directors of Company, but Independent Contractor will not be required to follow or establish a regular or daily work schedule. Supply all necessary equipment, materials and supplies. Independent Contractor will not rely on the equipment or offices of Company for completion of tasks and duties set forth pursuant to this Agreement. Any advice given Independent Contractors regarding the scope of work shall be considered a suggestion only, not an instruction. Company retains the right to inspect, stop, or alter the work of Independent Contractor to assure its conformity with this Agreement. ASSURANCE OF SERVICES Independent Contractor will assure that the following individuals (the \"Key Employees\") will be available to perform, and will perform, the Services hereunder until they are completed (identify by title and name as applicable): [Name of Key Employee, Title] [Name of Key Employee, Title] The Key Employees may be changed only with the prior written approval of the Company, which approval shall not be unreasonably withheld. COMPENSATION Independent Contractor shall be entitled to compensation for performing those tasks and duties related to the Scope of Work as follows: [Describe] Such compensation shall become due and payable to Independent Contractor in the following time, place, and manner: [Describe] NOTICE CONCERNING WITHHOLDING OF TAXES Independent Contractor recognizes and understands that it will receive a [specify tax] statement and related tax statements, and will be required to file corporate and/or individual tax returns and to pay taxes in accordance with all provisions of applicable Federal and State law. Independent Contractor hereby promises and agrees to indemnify the Company for any damages or expenses, including attorney's fees, and legal expenses, incurred by the Company as a result of independent contractor's failure to make such required payments. AGREEMENT TO WAIVE RIGHTS TO BENEFITS Independent Contractor hereby waives and foregoes the right to receive any benefits given by Company to its regular employees, including, but not limited to, health benefits, vacation and sick leave benefits, profit sharing plans, etc. This waiver is applicable to all non-salary benefits which might otherwise be found to accrue to the Independent Contractor by virtue of their services to Company, and is effective for the entire duration of Independent Contractor's agreement with Company. This waiver is effective independently of Independent Contractor's employment status as adjudged for taxation purposes or for any other purpose. Neither this Agreement, nor any duties or obligations under this Agreement may be assigned by either party without the consent of the other. TERMINATION This Agreement may be terminated prior to the completion or achievement of the Scope of Work by either party giving [number] days written notice. Such termination shall not prejudice any other remedy to which the terminating party may be entitled, either by law, in equity, or under this Agreement. NON-DISCLOSURE OF TRADE SECRETS, CUSTOMER LISTS AND OTHER PROPRIETARY INFORMATION Independent Contractor agrees not to disclose or communicate, in any manner, either during or after Independent Contractor's agreement with Company, information about Company, its operations, clientele, or any other information, that relate to the business of Company including, but not limited to, the names of its customers, its marketing strategies, operations, or any other information of any kind which would be deemed confidential, a trade secret, a customer list, or other form of proprietary information of Company. Independent Contractor acknowledges that the above information is material and confidential and that it affects the profitability of Company. ","Independent Contractor Agreement","6",62,"https://templates.business-in-a-box.com/imgs/1000px/independent-contractor-agreement-D160.png","https://templates.business-in-a-box.com/imgs/250px/160.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#160.xml",{"title":6,"description":6},[112],{"label":113,"url":114},"Consultant & Contractors","consulting-contractor-business","independent contractor agreement","/template/independent-contractor-agreement-D160",{"description":118,"descriptionCustom":6,"label":119,"pages":105,"size":9,"extension":10,"preview":120,"thumb":121,"svgFrame":122,"seoMetadata":123,"parents":125,"keywords":124,"url":128},"SERVICE AGREEMENT This SERVICE AGREEMENT (\"Agreement\") is effective [DATE], BETWEEN: [COMPANY NAME] (the \"Contractor\"), a company organized and existing under the laws of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [COMPANY NAME] (the \"Customer\"), a company organized and existing under the laws of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] (The Contractor and the Customer shall be individually referred to as a \"Party\" and collectively referred to as the \"Parties\", as the context may require). WHEREAS A. Contractor has experience and expertise in [DESCRIBE EXPERIENCE AND SERVICE]. B. Customer desires to have Contractor provide services for them. C. Contractor desires to provide services to Customer on the terms and conditions set forth herein (the \"Services\"). NOW THEREFORE, in consideration of the above recitals, the representations, warranties, and agreements contained in this Agreement and for other good and valuable consideration, the receipt and adequacy of which are now acknowledged, the Parties agree as follows: SERVICES PROVIDED Beginning on upon agreement to this contract, [CONTRACTOR] will provide to [CUSTOMER] the following service (collectively, the /Services\"): Description of the project: [DESCRIBE THE SERVICE REQUIRED]. SCOPE OF WORK Contractor agrees to provide Services pursuant to the Scope of Work set forth in Exhibit A attached hereto (the \"Scope of Work\"). TERM Unless both parties mutually agree on an extension, this contract will automatically terminate on [SPECIFY]. PERFORMANCE The parties agree to do everything possible to ensure that the terms of this Agreement take effect. PAYMENT FOR SERVICES In exchange for the Services rendered, a payment of [SPECIFY] will be made to the Contractor upon completion of the scheduled Services described in this Contract. If an invoice is not paid on the due date, interest will be added to the current balance. These amounts shall be payable, and the Customer shall pay all overdue amounts at the lesser of [SPECIFY] per cent per annum or the maximum percentage permitted by applicable law. Or Customer will pay Contractor as follows: [SPECIFY]. DELIVERY OF SERVICES The Contractor will exercise due diligence in the provision of services. However, the Customer acknowledges that the indicated delivery times and other payment milestones listed in Scope of Work are estimates and do not constitute final delivery dates. SECURITY The Contractor must make reasonable security arrangement to protect Material from unauthorized access, collection, use, alteration or disposal. OWNERSHIP RIGHT The Customer shall hold the copyright for the agreed version of the Services as delivered, and the Customer's copyright notice may be displayed in the final version. All works, ideas, discoveries, inventions, patents, products or other information that may be protected by copyright (collectively, the \"Work Product\" developed in whole or in part by the Contractor in connection with the Services, shall be the exclusive property of the Customer. Upon request, the Contractor shall execute all documents necessary to confirm or perfect the exclusive ownership of the Customer's \"Work Product\". The Contractor retains exclusive rights to pre-existing materials used in the Customer's projects. The Customer shall not have the right to reuse, resell or otherwise transfer material belonging to the contractor or third parties. The Contractor reserves the right to use the finished public product as an example of a product. RETURN OF PROPERTY Upon the expiry or termination of this Agreement, the Contractor will return to the Customer any property, documentation, records or Confidential Information which is the property of the Customer. COMPENSATION For all services rendered by the Contractor under this Agreement, the Customer shall indemnify the Contractor. In the event that the Customer fails to make any of the payments mentioned, the Contractor shall have the right, but shall not be obliged, to exercise any of the following remedies: ","Service Agreement","https://templates.business-in-a-box.com/imgs/1000px/service-agreement-D12711.png","https://templates.business-in-a-box.com/imgs/250px/12711.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12711.xml",{"title":124,"description":6},"service agreement",[126,127],{"label":18,"url":97},{"label":18,"url":97},"/template/service-agreement-D12711",{"description":130,"descriptionCustom":6,"label":131,"pages":132,"size":133,"extension":10,"preview":134,"thumb":135,"svgFrame":136,"seoMetadata":137,"parents":138,"keywords":141,"url":142},"LIMITED PARTNERSHIP AGREEMENT OF [PARTNERSHIP NAME] THE SECURITIES REPRESENTED BY THIS INSTRUMENT OR DOCUMENT HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE [SECURITIES ACT OF 1933 OR OTHER ACT], AS AMENDED. WITHOUT SUCH REGISTRATION, SUCH SECURITIES MAY NOT BE SOLD, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED AT ANY TIME WHATSOEVER, EXCEPT UPON DELIVERY TO THE PARTNERSHIP OF AN OPINION OF COUNSEL SATISFACTORY TO THE GENERAL PARTNERS OF THE PARTNERSHIP THAT REGISTRATION IS NOT REQUIRED FOR SUCH TRANSFER OR UPON THE SUBMISSION TO THE GENERAL PARTNERS OF THE PARTNERSHIP OF SUCH OTHER EVIDENCE AS MAY BE SATISFACTORY TO THE GENERAL PARTNERS TO THE EFFECT THAT ANY SUCH TRANSFER SHALL NOT BE IN VIOLATION OF THE [SECURITIES ACT OF 1933 OR OTHER ACT], AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS OR ANY RULE OR REGULATION PROMULGATED THEREUNDER. This document evidences the following agreement and certificate of limited partnership entered into and to be effective on the date it is filed with the Secretary of State in [STATE], by and between [NAME], as general partner (\"General Partner\") and each of the individuals whose names are set forth on Exhibit \"A\" attached to this Agreement as limited partners (\"Limited Partners\"). 1. FORMATION 1.1 The parties hereby form a Limited Partnership (Partnership) under and pursuant to the [STATE/PROVINCE OR COUNTRY] Revised Limited Partnership Act, [Article of [code] of the [State/Province] of [STATE/PROVINCE]. 1.2 This Certificate of Limited Partnership shall be filed with the Secretary of [State/Province] of [STATE/PROVINCE], and thereafter the partners shall execute and cause to be filed and otherwise published such original or amended certificates evidencing the formation and operation of this Limited Partnership as may be required under the laws of the [State/Province] of [STATE/PROVINCE] and of any other states where the Partnership shall determine to do business. 1.3 The General Partner is hereby authorized and empowered by all the Limited Partners to prepare, file, and publish either the original or any amended or modified Certificates of Limited Partnership as may be necessary or desirable and each Limited Partner specifically designates and appoints the General Partner, for and on his or her behalf, as his or her attorney for the exclusive purposes of signing and attesting to such original or amended Certificates of Limited Partnership. 1.4 The purpose of the Partnership shall be as follows: to buy, manage and sell, as appropriate, all real property, including improvements and personal property located thereon, known as the [name or description of property], more particularly described in Exhibit \"B.\" [Add, if appropriate] Further, the Partnership shall engage in the [alteration and repair of the improvement, and personal property located in the subject real property.] 2. NAMES AND PLACE OF BUSINESS 2.1 The name of the Limited Partnership shall be [NAME]. 2.2 The business of the Partnership shall be conducted under that name and under such variations of the name as may be necessary to comply with the laws of other [States/Provinces] within which the Partnership may do business or make investments. 2.3 The General Partner shall promptly execute and duly file, with the proper offices in each state in which the Partnership may conduct the activities authorized in this Agreement, one or more certificates as required by the Fictitious Name or Assumed Name Act or similar statute in effect as to each such state in which such activities are so conducted. 2.4 The principal place of business shall be located at [address] and additional places of business may be located elsewhere. 2.5. The name and address of the General Partner of the Partnership are: [Name] [Address] 2.6 There are no other General Partners of this Partnership and no other person or entity has any right to take part in the active management of the business affairs of the Partnership. 2.7 The names and addresses or places of residence of the Limited Partners of this Partnership are set forth in Exhibit \"A\" attached to this Agreement and by this reference made a part of this agreement. There are no other Limited Partners to the Partnership other than those listed in the attached Exhibit \"A.\" 3. TERM OF PARTNERSHIP 3.1 The Partnership shall commence as of the date of this Agreement and shall continue in existence until [YEAR], unless it is sooner terminated, liquidated, or dissolved as provided below. 4. CONTRIBUTIONS OF CAPITAL 4.1 The capital to be contributed initially to the Partnership by the General Partner and all the Limited Partners shall be cash. 4.2 The initial capital to be contributed by each Partner, General and Limited, shall be the sum set opposite his or her name in the attached Exhibit \"A.\" 4.3 Each partner shall be personally liable to the Partnership for the full amount of his or her initial capital contribution. 4.4 The Limited Partners shall be required to make additional capital contributions to the Partnership, on written request by the General Partner, the Partner's pro rata share (the ownership percentage set opposite the name of each Limited and General Partner in Exhibit \"A\") of all costs, expenses, or charges with respect to the operation of the Partnership. [add, if appropriate] and the ownership operation, maintenance, and upkeep of any Partnership property including but not limited to ad valorem taxes, debt amortization (including interest payments), insurance premiums, repairs, professional fees, wages, and utility costs] to the extent such costs, expenses, or charges exceed the income, if any, derived from the Partnership and the proceeds of any loans made to the Partnership. a. If any Partner fails or refuses to contribute the entire amount of the initial capital called for and/or the additional capital as called for, the General Partner shall be authorized to declare forfeited Partner's capital account and ownership interest as liquidated damages for the failure. 5. PROFITS AND LOSSES 5.1 The amount of net profits and net losses of the Partnership to be allocated to and charged against each Partner shall be determined by the percentage set opposite his or her name in Exhibit \"A.\" 5.2 The term \"profits\" is hereby defined to mean income or gain of whatsoever kind actually incurred by the Partnership or which, because of generally accepted accounting procedures, must be deemed to have been incurred by the Partnership. 5.3 The term \"losses\" is hereby defined to mean any deduction, expenditure, or charge actually incurred by the Partnership or which, because of generally accepted accounting procedures, must be deemed to have been incurred by the Partnership. 5.4 Cash, when available, may be distributed by the General Partner to all Partners in the same ratio as profits and losses are shared. a. Cash distributions from the Partnership may be made by the General Partner to all Partners without regard to the profits or losses of the Partnership from operations; provided, that no cash distributions shall be made that will impair the ability of the Partnership to pay its just debts as they mature. b. The General Partner shall determine when, if ever, cash distributions shall be made to the Partners, pursuant to the provisions and the tenor of this Agreement. c. There shall be no obligation to return to the General Partner or the Limited Partners, or to any one of them, any part of their capital contributed to the Partnership, for so long as the Partnership continues in existence. d. No General or Limited Partner shall be entitled to any priority or preference over any other Partner as to cash distributions. e. No interest shall be paid to any Partner on the initial contributions to the capital of the Partnership or on any subsequent contributions of capital. 6. OWNERSHIP OF PARTNERSHIP PROPERTY 6","Limited Partnership Agreement","13",80,"https://templates.business-in-a-box.com/imgs/1000px/limited-partnership-agreement-D891.png","https://templates.business-in-a-box.com/imgs/250px/891.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#891.xml",{"title":6,"description":6},[139,140],{"label":18,"url":97},{"label":18,"url":97},"limited partnership agreement","/template/limited-partnership-agreement-D891",{"description":144,"descriptionCustom":6,"label":145,"pages":146,"size":147,"extension":10,"preview":148,"thumb":149,"svgFrame":150,"seoMetadata":151,"parents":152,"keywords":155,"url":156},"ADHESION TO THE UNANIMOUS SHAREHOLDER AGREEMENT I, [INDIVIDUAL NAME], domiciled and residing at [FULL ADDRESS], declare that: As of today, I subscribe to [NUMBER] class [SPECIFY] shares issued from the share-capital of [COMPANY NAME]; I have examined the Unanimous Shareholders Agreement and I am satisfied of its content and acknowledge that a copy of such documents has been remitted to me;","Adhesion to the Unanimous Shareholder Agreement","1",41,"https://templates.business-in-a-box.com/imgs/1000px/adhesion-to-the-unanimous-shareholder-agreement-D848.png","https://templates.business-in-a-box.com/imgs/250px/848.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#848.xml",{"title":6,"description":6},[153,154],{"label":18,"url":97},{"label":18,"url":97},"adhesion to unanimous shareholder agreement","/template/adhesion-to-the-unanimous-shareholder-agreement-D848",{"description":158,"descriptionCustom":6,"label":159,"pages":8,"size":160,"extension":10,"preview":161,"thumb":162,"svgFrame":163,"seoMetadata":164,"parents":165,"keywords":168,"url":169},"JOINT VENTURE AGREEMENT This Joint Venture Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"First Joint Venturer\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [SECOND JOINT VENTURER NAME] (the \"Second Joint Venturer\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] This Agreement is entered by First Joint Venturer and Second Joint Venturer, herein after collectively referred to as the \"Joint Venturers\", for the purpose of performing: [DESCRIBE JOINT VENTURE]. WITNESSETH: WHEREAS, the parties are desirous of forming a Joint Venture (the \"Venture\"), under the laws of the [State/Province] of [STATE/PROVINCE] by execution of this Agreement for the purposes set forth herein and are desirous of fixing and defining between themselves their respective responsibilities, interests, and liabilities in connection with the performance of the before mentioned project; and NOW, THEREFORE, in consideration of the mutual covenants and promises herein contained, the Parties herein agree to constitute themselves as Joint Venturers, henceforth, \"Venturers\" for the purposes before mentioned, and intending to be legally bound hereby, the parties hereto, after first being duly sworn, do covenant, agree and certify as follows: DEFINITIONS \"Affiliate\" shall refer to (i) any person directly or indirectly controlling, controlled by or under common control with another person, (ii) any person owning or controlling 10% or more of the outstanding voting securities of such other person, (iii) any officer, director or other partner of such person and (iv) if such other person is an officer, director, joint Venturer or partner, any business or entity for which such person acts in any such capacity. \"Venturers\" shall refer to [VENTURE NAME] Inc., and any successor(s) as may be designated and admitted to the Venture. \"Internal Revenue Code\", \"Code\" or \"I.R.C.\" shall refer to the current and applicable Internal Revenue Code. \"Net Profits and Net Losses\" means the taxable income and loss of the Venture, except as follows: [DESCRIBE] The \"Book\" value of an asset shall be substituted for its adjusted tax basis if the two differ, but otherwise Net Profits and Net Losses shall be determined in accordance with federal income tax principles. \"Project\" shall refer to that certain [DESCRIBE] project known as [NAME]. \"Treasury Regulations\" shall refer to those regulations promulgated by the Department of the Treasury with respect to certain provision of Internal Revenue Code. \"Percentage of Participation\" shall refer to that figure set forth in Exhibit A. FORMATION, NAME, AND PRINCIPLE PLACE OF BUSINESS Formation (a) The Venturers do hereby form a joint venture pursuant to the laws of the State of [STATE/PROVINCE] in order for the Venture to carry on the purposes for which provision is made herein. (b) The Ventures shall execute such certificates as may be required by the laws of the [State/Province] of [STATE/PROVINCE] or of any other state in order for the Venture to operate its business and shall do all other acts and things requisite for the continuation of the Venture as a joint venture pursuant to applicable law. Name The Name and style under which the Venture shall be conducted is: [DESCRIBE]. Principal place of business The Venture shall maintain its principal place of business at [FULL ADDRESS]. The Venture may re-locate its office from time to time or have additional offices as the Venturers may determine. PURPOSE OF THE JOINT VENTURE The business of the Venture shall be to perform: [DESCRIBE], a project having the Contract # , being entitled, and being in a dollar amount of [AMOUNT], in accordance with the contract documents for the Project and all such other business incidental to the general purposes herein set forth. TERM The term of the Venture shall commence as of the date hereof and shall be terminated and dissolved upon the earliest to occur of: (i) completion of the Project and receipt of all sums due the Venture by the Owner, [OWNER NAME] pursuant thereto and payment of all laborers and material men employed by the Venture in connection with the project; (ii) [DATE]; (iii) the unanimous agreement of the Ventures; or (iv) the order of a court of competent jurisdiction. PERCENTAGE OF PARTICIPATION Description Except as otherwise provided in sections 6.0 and 9.0 hereof, the interest of the Parties in any gross profits and their respective shares in any losses and/or liabilities that may result from the filing of a joint bid and/or the performance of the Construction Contract, and their interests in all property and equipment acquired and all money received in connection with the performance of the Contract shall be as follows: [Name Joint Venture Partner Percentage] Losses The Parties agree that in the event any losses arise out of or results from the performance of the Project, each Venturer shall assume and pay the share of the losses that is equal to the percentage of participation. Liabilities If for any reason, a Venturer sustains any liabilities or is required to pay any losses arising out of or directly connected with the Project, or the execution of any surety bonds or indemnity agreements in connection therewith, which are in excess of its Percentage of Participation, in the Joint Venture, the other Venturer shall promptly reimburse such Venturer this excess, so that each and every member of the Joint Venturer will then have paid its proportionate share of such losses to the full extent of its Percentage of Participation. Indemnities The Venturers agree to indemnify each other and to hold the other harmless from, any and all losses of the Joint Venture that are in excess of such other Venturer's Percentage of Participation. Provided that the provisions of this subsection shall be limited to losses that are directly connected with or arise out of the performance of the Project and/or the execution of any bonds or indemnity agreements in connection therewith and shall not be relate to or include any incidental, indirect or consequential losses that may be sustained or suffered by a Party. Duration The Parties shall from time to time execute such bonds and indemnity agreements, including applications there and other documents that may be necessary in connection with the performance of the Project. Provided however, that the liability of each of the Parties under any agreements to indemnify a surety company or surety companies shall be limited to the percentage of the total liability assumed by all the Parties under such indemnity agreements that is equal to the Party's Percentage of Participation. Initial contribution of the venture (a) The Venturers shall contribute the Property to the Venture and their Capital Account shall each be credited with the appropriate value of such contribution in accordance with their Venture interests. (b) Except as otherwise required by law or this Agreement, the Venturers shall not be required to make any further capital contributions to the Venture. Venture interests Upon execution of this Agreement, the Venturers shall each own the following interests in the Venture: Joint Venture Partner Percentage Return of capital contributions (a) No Venturer shall have the right to withdraw his capital contributions or demand or receive the return of his capital contributions or any part thereof, except as otherwise provided in this Agreement. (b) The Venturers shall not be personally liable for the return of capital contributions or any part thereof, except as otherwise provided in this Agreement. (c) The Venture shall not pay interest on capital contributions of any Venturer.","Joint Venture Agreement",70,"https://templates.business-in-a-box.com/imgs/1000px/joint-venture-agreement-D889.png","https://templates.business-in-a-box.com/imgs/250px/889.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#889.xml",{"title":6,"description":6},[166,167],{"label":18,"url":97},{"label":18,"url":97},"joint venture agreement","/template/joint-venture-agreement-D889",false,{"seo":172,"reviewer":183,"legal_disclaimer":187,"quick_facts":188,"at_a_glance":190,"personas":194,"variants":219,"glossary":246,"clauses":283,"how_to_fill":329,"common_mistakes":370,"faqs":395,"industries":423,"comparisons":440,"diy_vs_lawyer":456,"jurisdictions":469,"related_template_ids_curated":490,"schema":502,"classification":503},{"meta_title":173,"meta_description":174,"primary_keyword":175,"secondary_keywords":176},"Investment Management Agreement Template | BIB","Free investment management agreement template for authorizing a manager to handle investment portfolios. Covers scope, fees, authority, and termination.","investment management agreement template",[15,177,178,179,180,181,182],"portfolio management agreement template","discretionary investment management agreement","asset management agreement template","investment management contract","investment manager agreement free download","wealth management agreement template",{"name":184,"credential":185,"reviewed_date":186},"Bruno Goulet","CEO, Business in a Box","2026-05-02",true,{"difficulty":189,"legal_review_recommended":187,"signature_required":187,"notarization_required":170},"advanced",{"what_it_is":191,"when_you_need_it":192,"whats_inside":193},"An Investment Management Agreement is a legally binding contract between an investor (or fund) and a professional investment manager that authorizes the manager to oversee and transact on a portfolio of assets on the investor's behalf. This free Word download covers the full scope of the management mandate, fee structure, investment guidelines, discretionary authority, reporting obligations, and termination conditions — ready to edit online and export as PDF.\n","Use it when engaging a registered investment adviser, fund manager, or asset management firm to manage a securities portfolio, pension fund, or other investment account. It is also required when a family office or institutional investor delegates portfolio decisions to an external manager.\n","Parties and account identification, scope of mandate and investment objectives, discretionary or non-discretionary authority, permitted asset classes, fee schedule and calculation method, performance benchmarks, reporting frequency, conflict-of-interest disclosures, indemnification, and termination provisions.\n",[195,199,203,207,211,215],{"title":196,"use_case":197,"icon_asset_id":198},"Individual high-net-worth investors","Delegating a securities portfolio to a registered investment adviser","persona-investor",{"title":200,"use_case":201,"icon_asset_id":202},"Family office managers","Formalizing the mandate given to an external asset management firm","persona-family-office",{"title":204,"use_case":205,"icon_asset_id":206},"Pension fund trustees","Engaging a specialist manager for a defined-benefit or defined-contribution fund","persona-pension-trustee",{"title":208,"use_case":209,"icon_asset_id":210},"Registered investment advisers","Documenting client authority and fee arrangements before managing assets","persona-financial-advisor",{"title":212,"use_case":213,"icon_asset_id":214},"Corporate treasury departments","Outsourcing management of liquid reserves or short-term investment programs","persona-cfo",{"title":216,"use_case":217,"icon_asset_id":218},"Endowment and foundation directors","Appointing an investment manager under a board-approved investment policy statement","persona-nonprofit-exec",[220,224,228,231,235,239,242],{"situation":221,"recommended_template":222,"slug":223},"Manager has full authority to buy and sell without prior client approval","Discretionary Investment Management Agreement","investment-management-agreement-D13990",{"situation":225,"recommended_template":226,"slug":227},"Manager recommends trades but client must approve each transaction","Non-Discretionary Investment Advisory Agreement","investment-advisory-agreement-D13989",{"situation":229,"recommended_template":230,"slug":223},"Managing a pooled investment fund with multiple limited partners","Investment Fund Management Agreement",{"situation":232,"recommended_template":233,"slug":234},"Short-term engagement to advise on a specific portfolio restructuring","Investment Advisory Consulting Agreement","consulting-agreement---long-D12543",{"situation":236,"recommended_template":237,"slug":238},"Engaging a sub-adviser under an existing fund mandate","Sub-Advisory Agreement","advisory-agreement-D13244",{"situation":240,"recommended_template":241,"slug":223},"Family trust requiring a manager to act within trustee-set parameters","Trust Investment Management Agreement",{"situation":243,"recommended_template":244,"slug":245},"Corporate treasury outsourcing cash and short-duration management","Treasury Management Agreement","exclusive-management-agreement-D12826",[247,250,253,256,259,262,265,268,271,274,277,280],{"term":248,"definition":249},"Discretionary Authority","The right granted to an investment manager to buy, sell, and manage assets on the client's behalf without seeking approval for each individual transaction.",{"term":251,"definition":252},"Investment Policy Statement (IPS)","A document that sets out the investor's objectives, risk tolerance, time horizon, and permitted asset classes — typically incorporated by reference into the management agreement.",{"term":254,"definition":255},"Management Fee","A periodic charge, usually expressed as an annual percentage of assets under management (AUM), paid to the investment manager for their services.",{"term":257,"definition":258},"Performance Fee","An additional fee paid to the manager if the portfolio return exceeds a defined benchmark or hurdle rate over a measurement period.",{"term":260,"definition":261},"High-Water Mark","A provision ensuring a performance fee is only charged on net new gains — the manager must recover any prior losses before earning a performance fee again.",{"term":263,"definition":264},"Benchmark","A standard index or rate — such as the S&P 500 or a blended bond/equity index — against which the portfolio's performance is measured.",{"term":266,"definition":267},"Fiduciary Duty","The legal obligation to act solely in the best interests of the client when making investment decisions, prioritizing the client's interests above the manager's own.",{"term":269,"definition":270},"AUM (Assets Under Management)","The total market value of assets that an investment manager handles on behalf of all clients or within a specific account.",{"term":272,"definition":273},"Soft Dollar Arrangements","An arrangement where brokerage commissions are used to pay for research or other services benefiting the manager — a conflict-of-interest disclosure requirement in most jurisdictions.",{"term":275,"definition":276},"Hurdle Rate","The minimum return the portfolio must achieve before the manager becomes entitled to a performance fee — often tied to a risk-free rate or index.",{"term":278,"definition":279},"Custody","The safekeeping of client securities and cash, typically held by a third-party custodian bank separate from the investment manager.",{"term":281,"definition":282},"Side Pocket","A segregated account used to hold illiquid or hard-to-value investments separately from the main portfolio, preventing them from affecting the liquidity of other investors.",[284,289,294,299,304,309,314,319,324],{"name":285,"plain_english":286,"sample_language":287,"common_mistake":288},"Parties and account identification","Names the client and the investment manager as legal entities, identifies the specific account or portfolio covered, and records the effective date of the agreement.","This Investment Management Agreement ('Agreement') is entered into as of [DATE] between [CLIENT LEGAL NAME] ('Client') and [MANAGER LEGAL NAME], a registered investment adviser under [RIA NUMBER] ('Manager'). This Agreement governs the management of Account No. [ACCOUNT NUMBER] held in custody at [CUSTODIAN NAME].","Identifying the client by an informal name or trade name rather than the registered legal entity. If the client is a trust or LLC, the entity name must match the custodial account title exactly — a mismatch can delay account opening or void the agreement.",{"name":290,"plain_english":291,"sample_language":292,"common_mistake":293},"Scope of mandate and investment objectives","Defines what the manager is authorized to do — asset classes, geographic scope, permitted instruments — and ties the mandate to the client's stated return objective, risk tolerance, and time horizon.","The Manager is authorized to manage the Account in accordance with the Investment Policy Statement attached as Schedule A. The mandate is [GROWTH / BALANCED / INCOME / CAPITAL PRESERVATION]. Permitted instruments: [LIST]. Excluded instruments: [LIST].","Leaving the investment objectives blank or vague, such as 'maximize returns.' Courts and regulators hold managers to the written mandate — undefined objectives remove the manager's accountability and expose both parties to disputes.",{"name":295,"plain_english":296,"sample_language":297,"common_mistake":298},"Discretionary authority","States whether the manager may transact without prior client approval (discretionary) or must obtain approval for each trade (non-discretionary), and any carve-outs or limits on that authority.","The Manager is granted full discretionary authority to purchase, sell, exchange, and otherwise manage the assets in the Account without prior approval of the Client for each transaction, subject to the guidelines in Schedule A and any written restrictions provided by Client.","Granting blanket discretionary authority without any investment guideline restrictions. Unlimited discretion with no constraints has led to mismanagement claims even where the manager acted in good faith — always attach a Schedule A with written guidelines.",{"name":300,"plain_english":301,"sample_language":302,"common_mistake":303},"Fee schedule and calculation","Sets out the management fee rate (as a percentage of AUM), how often it is calculated and billed, any performance fee and its measurement period, the high-water mark mechanism, and what expenses are billed separately.","Management Fee: [X]% per annum of the average daily net assets in the Account, billed [quarterly / monthly] in arrears. Performance Fee: [X]% of net gains above the [BENCHMARK / HURDLE RATE] over each [annual / semi-annual] period, subject to a high-water mark. Brokerage and custodian fees are charged separately to the Account.","Omitting the high-water mark provision when charging a performance fee. Without it, a manager can charge performance fees on gains that merely recover prior losses — a practice that erodes client trust and may constitute a breach of fiduciary duty.",{"name":305,"plain_english":306,"sample_language":307,"common_mistake":308},"Reporting and valuation","Obligates the manager to provide periodic account statements, performance reports, and portfolio valuations at defined intervals, and specifies the methodology for valuing illiquid holdings.","Manager shall provide Client with: (a) monthly account statements within [10] business days of month-end; (b) quarterly performance reports comparing returns to [BENCHMARK]; and (c) annual audited portfolio valuation. Illiquid holdings shall be valued using [FAIR VALUE / COST METHOD] as described in Schedule B.","No defined reporting frequency or benchmark reference. A client with no contractual right to regular reports has no early-warning mechanism for underperformance or style drift — by the time they discover an issue, significant losses may have already occurred.",{"name":310,"plain_english":311,"sample_language":312,"common_mistake":313},"Conflict-of-interest disclosures","Requires the manager to disclose material conflicts — such as proprietary products, affiliated brokers, soft-dollar arrangements, and cross-trading between client accounts — and the procedures for managing them.","Manager discloses the following material conflicts of interest: [LIST CONFLICTS — e.g., affiliated broker relationships, proprietary fund investments, soft-dollar arrangements]. Manager shall manage these conflicts in accordance with its Conflict Management Policy, a copy of which is provided in Form ADV Part 2A.","Including a generic boilerplate disclosure that lists no specific conflicts. Regulators treat insufficient conflict disclosure as a material deficiency — the clause must identify actual, specific conflicts relevant to the manager's business model.",{"name":315,"plain_english":316,"sample_language":317,"common_mistake":318},"Standard of care and indemnification","States the legal standard to which the manager is held (typically fiduciary, or a 'prudent investor' standard), and defines the circumstances under which the manager is liable to the client versus indemnified against claims.","Manager shall act as a fiduciary and shall perform its duties with the care, skill, prudence, and diligence that a prudent professional investment manager would use. Manager shall not be liable for losses resulting from [MARKET CONDITIONS / ACTIONS TAKEN IN GOOD FAITH] except where caused by Manager's gross negligence, willful misconduct, or breach of this Agreement.","Drafting indemnification so broadly that it shields the manager from ordinary negligence. Exculpatory clauses that eliminate liability for negligence are void in several jurisdictions and undermine the client's ability to recover losses caused by poor execution.",{"name":320,"plain_english":321,"sample_language":322,"common_mistake":323},"Termination and transition","Sets the notice period required to end the agreement, conditions permitting immediate termination for cause, how fees are prorated on termination, and the manager's obligations for transitioning the portfolio back to the client or a successor manager.","Either party may terminate this Agreement upon [30] days' written notice. Termination for cause — including fraud, gross negligence, or regulatory suspension — is effective immediately. Upon termination, Manager shall: (a) cease trading; (b) provide a final account statement; and (c) cooperate with Client to transfer the Account to a successor custodian within [15] business days.","No transition obligations on the manager upon termination. Without them, a departing manager has no contractual duty to cooperate with the handover — causing portfolio disruption, trading gaps, and potential tax events at the client's expense.",{"name":325,"plain_english":326,"sample_language":327,"common_mistake":328},"Governing law and dispute resolution","Specifies the jurisdiction whose law governs the agreement and the mechanism for resolving disputes — arbitration, mediation, or litigation — including the forum and applicable rules.","This Agreement is governed by the laws of [STATE / PROVINCE / COUNTRY]. Any dispute arising under this Agreement shall be resolved by binding arbitration administered by [FINRA / AAA / JAMS] in [CITY], except that either party may seek injunctive relief in a court of competent jurisdiction.","Selecting FINRA arbitration without noting that FINRA jurisdiction covers broker-dealers but not all registered investment advisers. Using the wrong forum clause can leave disputes in legal limbo until a court determines which body has jurisdiction.",[330,335,340,345,350,355,360,365],{"step":331,"title":332,"description":333,"tip":334},1,"Identify both parties with full legal names","Enter the client's registered legal name — trust, LLC, individual, or institution — and the manager's full legal entity name and registration number (e.g., SEC RIA number or provincial registration). Confirm that the client name matches the custodial account title exactly.","Pull the manager's name directly from their Form ADV or equivalent regulatory filing to ensure the registered name matches the agreement.",{"step":336,"title":337,"description":338,"tip":339},2,"Define the mandate, objectives, and permitted instruments","Choose a mandate type (growth, balanced, income, or capital preservation) and list the permitted and excluded asset classes in Schedule A. Tie these directly to the client's stated risk tolerance and time horizon.","A one-page Investment Policy Statement attached as Schedule A creates a clear accountability framework and is the single most effective tool for preventing mandate drift.",{"step":341,"title":342,"description":343,"tip":344},3,"Choose discretionary or non-discretionary authority","Decide whether the manager may transact without prior approval for each trade (discretionary) or must receive client sign-off (non-discretionary). Discretionary is standard for professional managers; non-discretionary suits clients who want transaction-level control.","If granting discretionary authority, include a written list of any investment restrictions — prohibited sectors, concentration limits, ESG screens — directly in Schedule A to bound the manager's latitude.",{"step":346,"title":347,"description":348,"tip":349},4,"Complete the fee schedule in full","Enter the annual management fee rate, the billing frequency and calculation method, any performance fee rate, the benchmark or hurdle rate, and whether a high-water mark applies. Specify which expenses (brokerage, custody, audit) are charged to the account separately.","Express the management fee as an annual rate and state the billing frequency explicitly — 'billed quarterly in arrears on the average daily balance' eliminates calculation disputes at invoice time.",{"step":351,"title":352,"description":353,"tip":354},5,"Set reporting frequency and valuation methodology","Specify how often the manager must provide account statements, performance reports, and portfolio valuations. For any illiquid holdings, define the valuation methodology in Schedule B.","Quarterly performance reports that include a benchmark comparison give clients an early warning of style drift — require them contractually so you are not dependent on the manager's goodwill.",{"step":356,"title":357,"description":358,"tip":359},6,"Disclose specific conflicts of interest","List all material conflicts specific to the manager's business — affiliated brokers, proprietary fund recommendations, soft-dollar arrangements, and cross-trading policies. Reference the manager's Form ADV Part 2A or equivalent disclosure document.","Generic conflict-of-interest language fails regulatory review. List each conflict by name, even if the risk is low — a comprehensive specific list protects both parties.",{"step":361,"title":362,"description":363,"tip":364},7,"Set termination notice and transition obligations","Enter the notice period (30 days is standard), the conditions for immediate termination for cause, the proration method for fees on early termination, and the manager's transition duties — timeline to cease trading, deliver final statements, and cooperate with a successor.","A 15-business-day transition window for the manager to cooperate with account transfer is a reasonable and enforceable standard; shorter windows often cause settlement failures.",{"step":366,"title":367,"description":368,"tip":369},8,"Select governing law and sign before assets are transferred","Choose the jurisdiction whose law applies — typically the state or country where the manager is registered or where the client is domiciled. Both parties must sign before the manager begins trading the account.","Never allow the manager to begin transacting before the agreement is fully executed — an unsigned agreement provides no authority for discretionary trading and no liability framework for either party.",[371,375,379,383,387,391],{"mistake":372,"why_it_matters":373,"fix":374},"Granting discretionary authority without written investment guidelines","A manager with unlimited discretion and no written constraints cannot be held accountable for mandate drift, excessive risk-taking, or concentration in prohibited asset classes.","Always attach a one-page Investment Policy Statement as Schedule A that defines permitted instruments, concentration limits, and any ESG or sector restrictions before signing.",{"mistake":376,"why_it_matters":377,"fix":378},"Omitting the high-water mark on performance fees","Without a high-water mark, a manager who loses 20% then gains 20% can charge a performance fee even though the client is still down — a materially unfair outcome.","Include explicit high-water mark language in the fee clause: the manager earns a performance fee only on net new gains above the previous highest account value.",{"mistake":380,"why_it_matters":381,"fix":382},"Using a generic conflict-of-interest disclosure","Regulators in every major jurisdiction treat boilerplate conflict disclosures as insufficient — they expect specific, named conflicts relevant to the manager's actual business model.","List each conflict by name — affiliated broker, proprietary fund placement, soft-dollar arrangements — and cross-reference the manager's Form ADV Part 2A or equivalent filing.",{"mistake":384,"why_it_matters":385,"fix":386},"No transition obligations on the manager at termination","Without contractual transition duties, a terminated manager has no obligation to cooperate with account transfer, leaving the client's portfolio in limbo during a critical period.","Specify that the manager must cease trading, deliver a final account statement, and cooperate with custodian transfer within a defined window — 15 business days is a workable standard.",{"mistake":388,"why_it_matters":389,"fix":390},"Signing the agreement after the manager begins trading","Trades executed before the agreement is signed have no contractual authority — the manager is acting without legal basis and the client has no documented protection or liability framework.","Execute the agreement, confirm it matches the custodial account, and deliver it to the manager before any assets are placed under management.",{"mistake":392,"why_it_matters":393,"fix":394},"Choosing the wrong arbitration forum in the governing law clause","FINRA arbitration covers broker-dealers, not all registered investment advisers. Specifying the wrong forum can leave disputes unresolved until a court rules on jurisdiction, adding months and cost.","Confirm the manager's registration type and select the appropriate forum — FINRA for broker-dealers, AAA or JAMS for RIAs — and have a securities lawyer verify the clause.",[396,399,402,405,408,411,414,417,420],{"question":397,"answer":398},"What is an investment management agreement?","An investment management agreement is a legally binding contract between an investor and a professional investment manager that authorizes the manager to oversee and transact on a portfolio of assets on the investor's behalf. It defines the scope of the mandate, permitted instruments, fee structure, reporting obligations, and the conditions under which either party may end the relationship. It is the foundational document for any discretionary portfolio management relationship.\n",{"question":400,"answer":401},"What is the difference between discretionary and non-discretionary investment management?","Under a discretionary agreement, the manager may buy and sell assets without seeking approval for each individual trade — they act within the written investment guidelines but do not need transaction-by-transaction sign-off. Under a non-discretionary arrangement, the manager recommends trades but the client must approve each one before execution. Discretionary management is standard for professional managers and family offices; non-discretionary suits investors who want to retain hands-on control.\n",{"question":403,"answer":404},"Does an investment management agreement need to be reviewed by a lawyer?","For most institutional, pension, or high-net-worth mandates, yes — legal review is strongly recommended. The fee structure, indemnification clauses, fiduciary standard, and conflict-of-interest disclosures all have direct legal and regulatory implications. A securities lawyer can confirm the agreement complies with applicable investment adviser regulations, that the fee terms are enforceable, and that the liability allocation is fair. A 1–3 hour review typically costs $500–$1,500.\n",{"question":406,"answer":407},"What fees should an investment management agreement include?","At minimum, the agreement should state the management fee rate (typically expressed as an annual percentage of AUM), the billing frequency and calculation method, and which expenses are billed separately to the account. If a performance fee applies, the agreement must define the benchmark or hurdle rate, the measurement period, and the high-water mark mechanism. Failing to document any of these creates billing disputes and potential regulatory violations.\n",{"question":409,"answer":410},"What is a fiduciary standard in an investment management agreement?","A fiduciary standard requires the manager to act solely in the client's best interests when making investment decisions — placing the client's interests above the manager's own and ahead of any affiliated party. In the US, registered investment advisers are held to a fiduciary standard under the Investment Advisers Act of 1940. Broker-dealers are subject to a lower suitability or best-interest standard. The agreement should explicitly state which standard applies and confirm the manager's registration status.\n",{"question":412,"answer":413},"How do I terminate an investment management agreement?","Most agreements allow termination by either party with 30 days' written notice delivered to the addresses in the contract. Immediate termination for cause — fraud, gross negligence, or regulatory suspension — is generally permitted without notice. Upon termination, the manager should cease trading, provide a final account statement, prorate the management fee to the termination date, and cooperate with the transfer of the account to a successor custodian or manager within a defined window.\n",{"question":415,"answer":416},"Is an investment management agreement regulated?","Yes, in every major jurisdiction. In the US, investment management agreements involving registered investment advisers are subject to the Investment Advisers Act of 1940 and SEC rules, including recordkeeping and disclosure requirements. In Canada, provincial securities regulators set minimum terms for managed account agreements. In the UK, the FCA's COBS rules govern client agreements for discretionary managers. In the EU, MiFID II requires a written agreement before providing portfolio management services, with prescribed minimum content.\n",{"question":418,"answer":419},"What is an Investment Policy Statement and should it be part of the agreement?","An Investment Policy Statement (IPS) documents the client's investment objectives, risk tolerance, time horizon, liquidity needs, and permitted asset classes. It should be attached as a schedule to the investment management agreement rather than embedded in the body — this allows the IPS to be updated as the client's circumstances change without requiring a full contract amendment. A missing or vague IPS is one of the most common sources of dispute between clients and managers.\n",{"question":421,"answer":422},"Can an investment management agreement be used for a pension fund?","Yes, but pension fund mandates require additional provisions beyond a standard IPS. Trustees must ensure the agreement reflects the fund's Statement of Investment Principles, complies with applicable pension legislation (ERISA in the US, the Pension Benefits Act in Canada, the Pensions Act in the UK), and includes appropriate reporting on ESG integration, stewardship, and voting policies if required by the fund's governing documents. Pension trustees should always obtain legal advice before executing a management agreement.\n",[424,428,432,436],{"industry":425,"icon_asset_id":426,"specifics":427},"Financial Services","industry-fintech","Registered investment advisers and wealth management firms use this agreement as the primary client-onboarding document, with Form ADV Part 2A incorporated by reference for conflict disclosures.",{"industry":429,"icon_asset_id":430,"specifics":431},"Healthcare","industry-healthtech","Hospital foundations and healthcare endowments appoint external managers under investment management agreements to ensure spending-policy compliance and long-term capital preservation.",{"industry":433,"icon_asset_id":434,"specifics":435},"Professional Services","industry-professional-services","Law firm pension funds and professional partnership reserves require management agreements that address ERISA or provincial pension act compliance and specify quarterly reporting obligations.",{"industry":437,"icon_asset_id":438,"specifics":439},"Manufacturing","industry-manufacturing","Corporate treasury departments at manufacturing companies use investment management agreements to outsource management of working-capital reserves with strict capital-preservation mandates and daily liquidity requirements.",[441,444,448,452],{"vs":47,"vs_template_id":442,"summary":443},"D{INVESTMENT_ADVISORY_AGREEMENT_ID}","An investment advisory agreement is a non-discretionary arrangement where the adviser recommends trades but the client retains decision-making authority and must approve each transaction. An investment management agreement typically grants discretionary authority, allowing the manager to act without per-trade approval. Use an advisory agreement when the client wants transaction-level control; use a management agreement when professional day-to-day discretion is the goal.",{"vs":445,"vs_template_id":446,"summary":447},"Fund Subscription Agreement","D{FUND_SUBSCRIPTION_AGREEMENT_ID}","A fund subscription agreement governs an investor's entry into a pooled investment vehicle — a hedge fund, private equity fund, or mutual fund — as a limited partner or shareholder. An investment management agreement governs a separately managed account held directly by the client. The key distinction is ownership: in a fund, the investor owns units; in a separately managed account, the investor owns the underlying securities directly.",{"vs":449,"vs_template_id":450,"summary":451},"Financial Services Agreement","D{FINANCIAL_SERVICES_AGREEMENT_ID}","A financial services agreement is a broad engagement contract covering a range of financial services — planning, brokerage, tax advice, and insurance — that may not include discretionary investment management at all. An investment management agreement is a focused, specific authorization for portfolio management. If your engagement includes both planning and discretionary management, you need both documents.",{"vs":453,"vs_template_id":454,"summary":455},"Power of Attorney","D{POWER_OF_ATTORNEY_ID}","A general power of attorney grants broad authority to act on someone's behalf across many legal and financial matters. An investment management agreement grants narrowly scoped authority limited to managing a specific portfolio within defined guidelines. Relying on a general power of attorney for investment management purposes is inadvisable — it provides no investment guidelines, no fee terms, and no fiduciary framework, and may be challenged by custodians.",{"use_template":457,"template_plus_review":461,"custom_drafted":465},{"best_for":458,"cost":459,"time":460},"Independent RIAs formalizing a standard managed-account relationship with a retail client","Free","30–60 minutes",{"best_for":462,"cost":463,"time":464},"High-net-worth or institutional mandates, performance-fee structures, or cross-border arrangements","$500–$1,500","2–5 days",{"best_for":466,"cost":467,"time":468},"Pension fund mandates, hedge fund separately managed accounts, multi-jurisdiction clients, or complex fee structures with clawback provisions","$3,000–$10,000+","2–4 weeks",[470,475,480,485],{"code":471,"name":472,"flag_asset_id":473,"note":474},"us","United States","flag-us","Investment managers with more than $110M AUM must register with the SEC under the Investment Advisers Act of 1940 and are held to a fiduciary standard. Managers below that threshold register at the state level. The agreement must be consistent with the manager's Form ADV and SEC rules on custody (Rule 206(4)-2), performance fees (Rule 205-3), and recordkeeping. Performance fees may only be charged to 'qualified clients' as defined by Rule 205-3.",{"code":476,"name":477,"flag_asset_id":478,"note":479},"ca","Canada","flag-ca","Portfolio managers in Canada must be registered with the relevant provincial securities regulator (OSC, AMF, BCSC, etc.) under National Instrument 31-103. Managed account agreements must comply with NI 31-103 relationship disclosure requirements, which mandate disclosure of fees, conflicts, and performance benchmarks before the account is opened. Quebec-domiciled clients require French-language documentation or a bilingual contract under the Charter of the French Language.",{"code":481,"name":482,"flag_asset_id":483,"note":484},"uk","United Kingdom","flag-uk","Discretionary investment managers must be authorized by the FCA and their client agreements must comply with the FCA's Conduct of Business Sourcebook (COBS), particularly COBS 8A for retail clients and COBS 4 for fair, clear, and not misleading communications. The agreement must be provided before the service commences. Post-Brexit, UK rules have diverged from EU MiFID II in certain areas — confirm current FCA guidance before using EU-standard templates for UK clients.",{"code":486,"name":487,"flag_asset_id":488,"note":489},"eu","European Union","flag-eu","Under MiFID II (Directive 2014/65/EU), investment firms providing discretionary portfolio management must enter into a written agreement with retail clients before commencing the service, with prescribed minimum content including investment objectives, risk tolerance, financial instruments, mandate scope, and fee disclosure. ESMA guidelines require clear cost and charges disclosure in advance. GDPR applies to all client data processed under the agreement, requiring a data processing addendum where the manager handles personal data on behalf of the client.",[491,492,493,494,495,496,497,234,498,499,500,501],"non-disclosure-agreement-nda-D12692","independent-contractor-agreement-D160","service-agreement-D12711","limited-partnership-agreement-D891","adhesion-to-the-unanimous-shareholder-agreement-D848","joint-venture-agreement-D889","general-power-of-attorney-D1037","retainer-agreement-D12703","confidentiality-agreement-D950","llc-operating-agreement-D5209","letter-of-intent_acquisition-of-business-D5197",{"emit_how_to":187,"emit_defined_term":187},{"primary_folder":97,"secondary_folder":504,"document_type":505,"industry":506,"business_stage":507,"tags":508,"confidence":514},"equity-and-investment","agreement","finance-and-insurance","all-stages",[509,510,511,512,513],"investment-management","asset-management","financial-agreement","portfolio-management","legal-contract",0.92,"\u003Ch2>What is an Investment Management Agreement?\u003C/h2>\n\u003Cp>An \u003Cstrong>Investment Management Agreement\u003C/strong> is a legally binding contract between an investor — or an institution such as a pension fund, endowment, or family office — and a professional investment manager that formally authorizes the manager to oversee and transact on a portfolio of assets on the investor's behalf. It establishes the scope of the mandate, the investment objectives and permitted asset classes, the manager's level of discretionary authority, the fee structure, reporting obligations, conflict-of-interest disclosures, and the conditions under which either party may end the relationship. Without this document, no legitimate professional manager will accept trading authority over a client's assets, and no custodian will accept instructions from an unauthorized third party.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Operating without a signed investment management agreement exposes both the client and the manager to serious legal and financial risk. A client who entrusts assets to a manager without a written mandate has no contractual basis to enforce investment guidelines, challenge unauthorized trades, dispute fees, or hold the manager to a fiduciary standard — leaving them dependent entirely on goodwill and regulatory enforcement after the fact. For managers, accepting trading authority without a signed agreement means acting without legal authorization, creating personal liability for every transaction and potential violations of securities law. Regulators in the US, Canada, the UK, and the EU all require a written agreement before discretionary management commences — failure to have one risks registration suspension or enforcement action. This template gives both parties a professionally structured, jurisdiction-aware starting point that covers every material term, reducing the time to a signed agreement and the cost of starting from a blank page.\u003C/p>\n",1778773546425]