Georgia Operating Agreement between NBC Internet, Inc. and Telocity, Inc.

• Category: Corporations - Public - Operating
• State: Multi-State
• Control #: US-EG-9126
• Format: Word; Rich Text

Description

Operating Agreement between NBC Internet, Inc. and Telocity, Inc. dated December 10, 1999. 58 pages A Georgia Operating Agreement is a legal document that outlines the terms and conditions governing the relationship between NBC Internet, Inc. and Velocity, Inc. This agreement is specifically tailored to comply with the laws and regulations of the state of Georgia. The Georgia Operating Agreement between NBC Internet, Inc. and Velocity, Inc. is a comprehensive document that covers various aspects of their business relationship. It provides details on the roles and responsibilities of each party, the distribution of profits and losses, decision-making processes, and the management structure of the partnership. Within the Georgia Operating Agreement, there may be different types or variations depending on the specific needs and goals of NBC Internet, Inc. and Velocity, Inc. Here are a few possible examples: 1. General Operating Agreement: This is the most common type of agreement that outlines the general rules and guidelines for the partnership between the companies. It covers key provisions such as ownership, capital contributions, voting rights, and profit sharing. 2. Capital Contributions Agreement: In situations where one party contributes a significant amount of capital or assets to the partnership, a separate agreement may be included within the operating agreement. This document defines the terms related to the contribution, including valuation, reimbursement, and any conditions or restrictions. 3. Amendment Agreement: As businesses evolve and circumstances change, there might be a need to modify the original operating agreement. An amendment agreement is used to formally document any changes or updates to the existing agreement, ensuring all parties are aware and in agreement. 4. Dissolution Agreement: In case either NBC Internet, Inc. or Velocity, Inc. decides to dissolve the partnership, a dissolution agreement within the operating agreement may be created. It outlines the steps and procedures for winding down operations, distributing assets, and settling any outstanding obligations. 5. Non-Compete Agreement: In certain cases, if one party wishes to protect their proprietary information or restrict the other party's ability to engage in similar business activities, a non-compete agreement may be included. This agreement sets boundaries on competition within a defined geographical area or time frame. It's important to note that the specific types of agreements included within the Georgia Operating Agreement between NBC Internet, Inc. and Velocity, Inc. will depend on their unique circumstances and objectives. Consulting with legal professionals familiar with Georgia business laws is advisable to ensure the agreement comprehensively addresses all relevant aspects of their partnership.

A Georgia Operating Agreement is a legal document that outlines the terms and conditions governing the relationship between NBC Internet, Inc. and Velocity, Inc. This agreement is specifically tailored to comply with the laws and regulations of the state of Georgia. The Georgia Operating Agreement between NBC Internet, Inc. and Velocity, Inc. is a comprehensive document that covers various aspects of their business relationship. It provides details on the roles and responsibilities of each party, the distribution of profits and losses, decision-making processes, and the management structure of the partnership. Within the Georgia Operating Agreement, there may be different types or variations depending on the specific needs and goals of NBC Internet, Inc. and Velocity, Inc. Here are a few possible examples: 1. General Operating Agreement: This is the most common type of agreement that outlines the general rules and guidelines for the partnership between the companies. It covers key provisions such as ownership, capital contributions, voting rights, and profit sharing. 2. Capital Contributions Agreement: In situations where one party contributes a significant amount of capital or assets to the partnership, a separate agreement may be included within the operating agreement. This document defines the terms related to the contribution, including valuation, reimbursement, and any conditions or restrictions. 3. Amendment Agreement: As businesses evolve and circumstances change, there might be a need to modify the original operating agreement. An amendment agreement is used to formally document any changes or updates to the existing agreement, ensuring all parties are aware and in agreement. 4. Dissolution Agreement: In case either NBC Internet, Inc. or Velocity, Inc. decides to dissolve the partnership, a dissolution agreement within the operating agreement may be created. It outlines the steps and procedures for winding down operations, distributing assets, and settling any outstanding obligations. 5. Non-Compete Agreement: In certain cases, if one party wishes to protect their proprietary information or restrict the other party's ability to engage in similar business activities, a non-compete agreement may be included. This agreement sets boundaries on competition within a defined geographical area or time frame. It's important to note that the specific types of agreements included within the Georgia Operating Agreement between NBC Internet, Inc. and Velocity, Inc. will depend on their unique circumstances and objectives. Consulting with legal professionals familiar with Georgia business laws is advisable to ensure the agreement comprehensively addresses all relevant aspects of their partnership.