{"ok":true,"canonical_url":"https://www.capbench.com/glossary/management-agreements","api_url":"https://www.capbench.com/api/public/glossary/management-agreements","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-17","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","CapBench lender and franchise enrichment"],"term":{"slug":"management-agreements","term":"Management Agreements","group":"People and paperwork","definition":"These are contracts outlining the terms under which an entity or individual provides management services to another business. They define responsibilities, compensation, and duration.","what_it_means":"In a business acquisition, review any existing management agreements carefully. They can impact the business's ongoing expenses, control, and potential for conflicts of interest. Ensure any such agreements are terminated or restructured appropriately post-acquisition, especially if they involve the seller or their related entities.","url":"https://www.capbench.com/glossary/management-agreements","official_sources":[],"related":[{"slug":"related-entities","term":"Related Entities","url":"https://www.capbench.com/glossary/related-entities"},{"slug":"non-compete","term":"Non-compete","url":"https://www.capbench.com/glossary/non-compete"},{"slug":"lease-agreement","term":"Lease agreement","url":"https://www.capbench.com/glossary/lease-agreement"},{"slug":"loan-agreement","term":"Loan agreement","url":"https://www.capbench.com/glossary/loan-agreement"}],"related_questions":[{"question":"What specific conditions trigger affiliation due to contractual relationships or franchise agreements?","url":"https://www.capbench.com/for-lenders/questions/what-specific-conditions-trigger-affiliation-due-to-contractual-relationships-or-franchise"},{"question":"What are the key distinctions between cross-purchase and entity-purchase buy-sell agreements?","url":"https://www.capbench.com/sba-7a/questions/what-are-the-key-distinctions-between-cross-purchase-and-entity-purchase-buy-sell-agreemen"},{"question":"How does the SBA review franchise agreements for compliance if there are unusual clauses regarding termination or transfer?","url":"https://www.capbench.com/sba-7a/questions/how-does-the-sba-review-franchise-agreements-for-compliance-if-there-are-unusual-clauses-r"},{"question":"How does the SBA determine if a franchisor has \"control\" over a franchisee for affiliation purposes, beyond standard agreements?","url":"https://www.capbench.com/sba-7a/questions/how-does-the-sba-determine-if-a-franchisor-has-control-over-a-franchisee-for-affiliation-p"},{"question":"How does the SBA verify my business management experience?","url":"https://www.capbench.com/sba-7a/questions/how-does-the-sba-verify-my-business-management-experience"},{"question":"Is previous business ownership or management experience required to qualify?","url":"https://www.capbench.com/sba-7a/questions/is-previous-business-ownership-or-management-experience-required-to-qualify"}]},"caveats":["Definitions represent CapBench's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"CapBench Glossary — Management Agreements","url":"https://www.capbench.com/glossary/management-agreements","source_type":"CapBench Data"}}