Agreement between investors or owners of a project, and a management company hired for coordinating and overseeing a contract”. A business or an organization will hire a management company to perform specific tasks. Your organization might hire a management company to look after its marketing and under the contract, the management company would perform marketing on your company’s behalf and receive a fee for doing so. The compensation for the management might be decided based on performance or it can be a set sum decided between you are the management company.