What is a corporate administration contract?

A corporate administration contract is a legal agreement entered into between a company and an external person or entity, which establishes the responsibilities and obligations of the party that will assume the administration of the company.

When to use this contract?

This type of contract is used when the shareholders or owners of a company wish to delegate the management and administration of the same in the hands of third parties, either due to their lack of experience, time or resources to carry out these tasks themselves.

Essential content

The corporate administration contract has the following essential content:

• Identification of the parties.
• Obligations of the parties.
• Compensation that will be received by each of the parties.
• Investments in pension and savings plans.
• Contract duration.
• Communication clause of situations where there may be a conflict of interest.
• Clause of duty to preserve the general interest of the company.
• Clause for the hiring of trusted personnel.
• The option to use and benefit a company car.
• Indemnity clause.
• Jurisdiction and applicable law clause.

Necessary information

It is essential that the general interest of the company, the business organization and possible compensation prevail.

Applicable law

The applicable law (or ”applicable regulation”) for this model is as follows:

• Capital Companies Law, approved by Royal Legislative Decree 1/2010, of July 2.
• Civil Code.
• Commercial Code.

Related concepts

• What is the difference between a natural person and a legal person?
• What is the governing body in a company?
• Management board

How much does it cost to make this contract with LexDoka?

Currently, we do not have an automated model for this contract. However, if you are interested, please let us know through this contact form, and we will take it into account to develop it and notify you when it is available. If you need it urgently, LexDoka offers a personalized contract automation service where we will work together with you to see what your needs are and develop it exclusively for you in the shortest possible time. If you are interested contact us.