(a) In consideration for the services provided by the Managers, the Company will pay the Managers an annual, non-refundable and irrevocable management fee (the “Administration Fee”) of $3,000,000, payable retrospectively in quarterly instalments to the end of each calendar quarter, subject to adjustments from time to time as set out below. The initial administration fee will be credited in proportion to the portion of the current calendar year that elapsed prior to the closing date. The administration fee is divided so that each manager receives 50% of the management fee (including each payment). Are you planning to go in a different direction or do you want a neutral assessment of things in your business? A management service contract describes the contract between a management consultant and a company seeking advice. With a detailed management services contract, both parties can be sure that expectations and goals are clear, in addition to subtleties such as deadlines, behavior, and fees. Create a Management Services Contract. It`s quick and easy and we`ll walk you through the steps. Notwithstanding the foregoing, the court in which such a dispute is heard shall be deemed to be contained in clause (i) above to the extent that a party is or becomes a party to a dispute in which it may assert the rights of indemnification set forth in this Agreement. Notwithstanding the foregoing, either party to this Agreement may bring and maintain an action for the enforcement of a judgment of any of the above courts in any court of competent jurisdiction. Each party hereby consents to the service of the proceedings in such proceedings in any manner permitted by New York law and agrees that service of the proceeding by registered mail or registered letter, acknowledgment of receipt requested, at its specified address pursuant to Section 10(b) shall be reasonably charged to provide actual notice. Taking into account the premises and agreements contained herein and other good and valuable considerations, the relevance of which is hereby acknowledged, the parties agree as follows: SECTION 6. Compensation…..