Unclear agreements create conflict and extra costs. Here is what an agreement that works over time looks like.
A management agreement should answer three questions: what is included, what costs extra, and how do we follow up?
A clear description of services
Every item should be described, with frequency and the responsible party.
Pricing without surprises
Hourly rates for additional work belong in the agreement, not in an invoice after the fact.
Follow-up and termination
The agreement should include an annual review and a reasonable notice period.