Manager Advisor Clause Samples

The 'Manager; Advisor' clause defines the roles and responsibilities of the manager and advisor within an agreement. Typically, it clarifies which party is designated as the manager, who is responsible for overseeing operations or investments, and which party serves as an advisor, providing guidance or recommendations without direct control. For example, in a fund agreement, the manager may make investment decisions while the advisor offers strategic input. This clause ensures clear delineation of authority and duties, preventing confusion or disputes over decision-making and advisory roles.