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How to Contract for and Effectively Use Professional Management (for Managers)

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In this class, we will discuss management services generally and how to appropriately contract for affectional management. We will discuss standard contract clauses and commonly negotiated provisions, as well as how to attempt to understand the economics of a management contract. We will then discuss how boards and management can address and resolve service deficiencies. The class will conclude with common ways that boards unwittingly reduce the effectiveness of management.

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