Legal essence of the management contract with the specifics of the Macedonian legislation
Legal essence of the management contract with the specifics of the Macedonian legislation

Summary/Abstract: Management contracts are a kind of business statute that delegate specific rights, obligations and responsibilities to the managers. In their essence, they are synthesis of management and governing power. The success and realization of the corporative goals as a motivational part correlate with the both types of power greatly. At the same time, they encourage the negotiation process and the conclusion of the management contract. The key role of the managers as carriers of occupational risk is to create professionally based coalition of interests among those who are involved in the realization of corporative goals and the business policy of the company, thus providing growth and development. One of the main aims of this paper is to determine the legal nature and essence of the management contract, as a crucial step in establishing managers’ status and position. Special attention will be paid to the characteristics of these contracts, having in mind certain comparative observations in this sense. It is very important to emphasize that management contracts are not substitution of employment contracts. The form and legal frame of manager’s individual engagement may differ, but a well-defined contract must provide several basic preferences, which will be analyzed in this paper. However, the main emphasis will be given to the actual normative (as well as practical) structure of the subject matter in Republic of Macedonia, where we will express our hope that through this paper we will be able to clarify certain dilemmas within the scientific and professional circles regarding this issue.

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