Maine 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 Maine Operating Agreement between NBC Internet, Inc. and Velocity, Inc. A Maine Operating Agreement is a legal document that outlines the terms and conditions of a partnership or joint venture between two companies — NBC Internet, Inc. anVelocityty, Inc. This agreement serves as a comprehensive framework for how both parties will operate, collaborate, and share responsibilities within the specific jurisdiction of Maine. The agreement encompasses various important aspects such as ownership interests, management structure, profit-sharing arrangements, decision-making authority, and dispute resolution methods. It ensures that both companies have a clear understanding of their rights, obligations, and roles within the partnership. There are several types of Maine Operating Agreements that can be established between NBC Internet, Inc. and Velocity, Inc. Some of these include: 1. General Partnership Agreement: This type of agreement outlines the partnership between NBC Internet, Inc. and Velocity, Inc. It establishes that both companies will jointly operate a business venture and share profits, losses, and management responsibilities equally or as per the terms agreed upon. 2. Limited Partnership Agreement: In this scenario, NBC Internet, Inc. might act as the general partner with unlimited liability, while Velocity, Inc. might serve as the limited partner with only a financial contribution and limited involvement in the partnership's management or liability. 3. Joint Venture Agreement: This type of agreement is suitable when both companies collaborate on a specific project or venture. It outlines the purpose, goals, and duration of the joint venture, as well as the contributions, responsibilities, and profit-sharing arrangements between NBC Internet, Inc. and Velocity, Inc. 4. LLC Operating Agreement: If NBC Internet, Inc. and Velocity, Inc. decide to establish a limited liability company (LLC), they would need an LLC Operating Agreement. This document outlines the internal management structure, ownership interests, capital contributions, and distribution of profits and losses for the LLC. In summary, the Maine Operating Agreement between NBC Internet, Inc. and Velocity, Inc. is a crucial legal document that ensures cooperation, clarity, and effective decision-making between both companies. It establishes the framework for their partnership and comes in various forms such as general partnership, limited partnership, joint venture, or LLC operating agreement, depending on the specific needs and circumstances of their collaboration.

Maine Operating Agreement between NBC Internet, Inc. and Velocity, Inc. A Maine Operating Agreement is a legal document that outlines the terms and conditions of a partnership or joint venture between two companies — NBC Internet, Inc. anVelocityty, Inc. This agreement serves as a comprehensive framework for how both parties will operate, collaborate, and share responsibilities within the specific jurisdiction of Maine. The agreement encompasses various important aspects such as ownership interests, management structure, profit-sharing arrangements, decision-making authority, and dispute resolution methods. It ensures that both companies have a clear understanding of their rights, obligations, and roles within the partnership. There are several types of Maine Operating Agreements that can be established between NBC Internet, Inc. and Velocity, Inc. Some of these include: 1. General Partnership Agreement: This type of agreement outlines the partnership between NBC Internet, Inc. and Velocity, Inc. It establishes that both companies will jointly operate a business venture and share profits, losses, and management responsibilities equally or as per the terms agreed upon. 2. Limited Partnership Agreement: In this scenario, NBC Internet, Inc. might act as the general partner with unlimited liability, while Velocity, Inc. might serve as the limited partner with only a financial contribution and limited involvement in the partnership's management or liability. 3. Joint Venture Agreement: This type of agreement is suitable when both companies collaborate on a specific project or venture. It outlines the purpose, goals, and duration of the joint venture, as well as the contributions, responsibilities, and profit-sharing arrangements between NBC Internet, Inc. and Velocity, Inc. 4. LLC Operating Agreement: If NBC Internet, Inc. and Velocity, Inc. decide to establish a limited liability company (LLC), they would need an LLC Operating Agreement. This document outlines the internal management structure, ownership interests, capital contributions, and distribution of profits and losses for the LLC. In summary, the Maine Operating Agreement between NBC Internet, Inc. and Velocity, Inc. is a crucial legal document that ensures cooperation, clarity, and effective decision-making between both companies. It establishes the framework for their partnership and comes in various forms such as general partnership, limited partnership, joint venture, or LLC operating agreement, depending on the specific needs and circumstances of their collaboration.