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What are the critical terms of an LOI/MOU for a Hotel Management Agreement?

1. The management fees: base fees; incentive fees

2. The term and termination provisions

3. The rights to appoint the GM and FC

4. The rights to audit operations including accounts

5. How other expenses are charged – central services and marketing fees; regional fees; trademark license fees; out of pocket expenses

6. Provisions relating to capital renovation – CAPEX

7. Insurance and Liability

8. Special Conditions

All of these should be captured in summary form in an LOI / MOU.

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Hughes Krupica Consulting
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Thailand Lawyers - Bangkok & Phuket Hughes Krupica

PHUKET OFFICE
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