Under a management contract the owner(s) must commit to not interfering in the management of the business, since the provider of the management services has the expertise and responsibility to perform this task.

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Quizplus · Accepted Answer

This is because management contracts involve hiring an external party to manage the business, and as such, the owner(s) must cede some of their control to the management services provider. This means refraining from interfering in day-to-day operations and decision-making, and allowing the provider to exercise their expertise and fulfill their responsibilities without undue influence or interference.

Under a Management Contract the Owner(s) Must Commit to Not