Document Type: DOCX
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An Asset Management Agreement is a legally binding contract between a client (individual, company, or institution) and a professional asset manager (usually a licensed company or financial institution) that sets out the terms under which the manager will handle, invest, and oversee the client’s assets.Purpose of an Asset Management Agreement1. Define the Relationship – It formalizes the client–asset manager relationship, clarifying roles, duties, and responsibilities.2. Protect the Client’s Interests – Ensures the manager acts prudently, in good faith, and in the client’s best interest.3. Set Investment Objectives – Establishes clear goals such as income generation, wealth preservation, or capital growth.4. Provide Accountability – Requires regular reporting and record-keeping for transparency.5. Allocate Risks and Liabilities – Clarifies what risks are borne by the client (e.g., market losses) versus those caused by the manager’s negligence or fraud.6. Ensure Legal Compliance
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