Pennsylvania 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 The Pennsylvania Operating Agreement between NBC Internet, Inc. and Velocity, Inc. is a legally binding contract that outlines the terms and conditions under which the two companies will operate jointly in the state of Pennsylvania. This agreement serves as a roadmap for the business relationship between the parties and ensures that both companies are aware of their rights, responsibilities, and obligations. The primary purpose of the Pennsylvania Operating Agreement is to establish and define the roles and responsibilities of NBC Internet, Inc. and Velocity, Inc. It specifies the objectives and goals of the collaboration, as well as the manner in which the partnership will be managed and operated. The agreement also addresses matters such as profit distribution, intellectual property rights, dispute resolution, and termination terms. Specific types of Pennsylvania Operating Agreement variants between NBC Internet, Inc. and Velocity, Inc. may include: 1. Joint Venture Operating Agreement: This type of agreement is suitable if both companies intend to carry out a specific project or venture together. It outlines the responsibilities and contributions of each party towards the joint venture, as well as the distribution of profits and losses. 2. Partnership Operating Agreement: If NBC Internet, Inc. and Velocity, Inc. wish to create a formal partnership under Pennsylvania law, this agreement would define the terms of their partnership. It includes provisions regarding management and decision-making, capital contributions, profit sharing, and dissolution procedures. 3. Licensing Operating Agreement: In case NBC Internet, Inc. grants Velocity, Inc. the rights to use its intellectual property, software, or other assets, a licensing operating agreement would be required. This agreement would outline the terms of the license, including any restrictions, royalties, and other considerations. 4. Joint Development Operating Agreement: If the purpose of the collaboration between NBC Internet, Inc. and Velocity, Inc. is to jointly develop a product or technology, a joint development agreement may be used. This agreement would address aspects such as ownership of intellectual property, confidentiality, and commercialization rights. In conclusion, the Pennsylvania Operating Agreement between NBC Internet, Inc. and Velocity, Inc. is a crucial legal document that establishes the framework for their business collaboration. Different types of agreements, such as joint venture, partnership, licensing, and joint development agreements, may be used depending on the specific nature and objectives of their relationship.

The Pennsylvania Operating Agreement between NBC Internet, Inc. and Velocity, Inc. is a legally binding contract that outlines the terms and conditions under which the two companies will operate jointly in the state of Pennsylvania. This agreement serves as a roadmap for the business relationship between the parties and ensures that both companies are aware of their rights, responsibilities, and obligations. The primary purpose of the Pennsylvania Operating Agreement is to establish and define the roles and responsibilities of NBC Internet, Inc. and Velocity, Inc. It specifies the objectives and goals of the collaboration, as well as the manner in which the partnership will be managed and operated. The agreement also addresses matters such as profit distribution, intellectual property rights, dispute resolution, and termination terms. Specific types of Pennsylvania Operating Agreement variants between NBC Internet, Inc. and Velocity, Inc. may include: 1. Joint Venture Operating Agreement: This type of agreement is suitable if both companies intend to carry out a specific project or venture together. It outlines the responsibilities and contributions of each party towards the joint venture, as well as the distribution of profits and losses. 2. Partnership Operating Agreement: If NBC Internet, Inc. and Velocity, Inc. wish to create a formal partnership under Pennsylvania law, this agreement would define the terms of their partnership. It includes provisions regarding management and decision-making, capital contributions, profit sharing, and dissolution procedures. 3. Licensing Operating Agreement: In case NBC Internet, Inc. grants Velocity, Inc. the rights to use its intellectual property, software, or other assets, a licensing operating agreement would be required. This agreement would outline the terms of the license, including any restrictions, royalties, and other considerations. 4. Joint Development Operating Agreement: If the purpose of the collaboration between NBC Internet, Inc. and Velocity, Inc. is to jointly develop a product or technology, a joint development agreement may be used. This agreement would address aspects such as ownership of intellectual property, confidentiality, and commercialization rights. In conclusion, the Pennsylvania Operating Agreement between NBC Internet, Inc. and Velocity, Inc. is a crucial legal document that establishes the framework for their business collaboration. Different types of agreements, such as joint venture, partnership, licensing, and joint development agreements, may be used depending on the specific nature and objectives of their relationship.