Restaurant & Hospitality
Management agreements are often complex, lengthy and dense documents. Why not let them be one more thing we take off your plate?
The use of management agreements within the restaurant and hospitality industry is quite common and can offer cost-effective solutions for both property owners and operators in the space.
A menu of options
Rather than lease space to food, beverage or hospitality operators, often property owners prefer management agreements, an option that allows the property owner to hire a manager to run the operation for a fee. And on the other side of the table, often restaurant and hospitality operators do not or cannot afford to incur the substantial initial investment to build out space for their needs or the long-term rental commitments required under a lease.
The goal of a property owner in these agreements is the retention of ultimate control over the venture, while for the operator it is to achieve as much autonomy as possible. Our talented and experienced team can help both owners and operators to navigate the various provisions contained within a management agreement, which are often complex, lengthy, dense agreements.
We guide clients through provisions addressing:
- Design and construction
- Obtaining and maintaining all necessary permits, approvals and licenses
- Operating standards
- Maintenance and adequacy of inventory, supplies and equipment
- Key man identification and obligations
- Selection, promotion and supervision of employees
- Permitted concession arrangements
- Record maintenance and accounting
- Marketing and advertising
- Intellectual property