Wyoming 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 Wyoming Operating Agreement is a legal document that outlines the terms and conditions between NBC Internet, Inc. and Velocity, Inc., two entities engaged in a business partnership or joint venture. This agreement serves as a guide for the operations and management of their business activities in the state of Wyoming. The Wyoming Operating Agreement between NBC Internet, Inc. and Velocity, Inc. is a comprehensive document that covers various key aspects of their business relationship. It typically includes provisions related to the following: 1. Purpose and Scope: The agreement begins by defining the purpose and objectives of the business venture between the two companies. It outlines the specific activities or services that will be provided and sets the geographical scope of operations in Wyoming. 2. Ownership and Equity: This section describes the ownership structure of the joint venture, stating the ownership percentages of each company involved. It discusses how profits, losses, and liabilities will be shared between the parties. 3. Management and Decision-Making: The agreement outlines the management structure of the joint venture. It determines who will be responsible for the day-to-day operations, strategic decision-making, and financial management. This section may also include procedures for resolving disputes and voting rights. 4. Financial Provisions: The document includes provisions related to the financial aspects of the joint venture. It outlines the initial capital investments made by each party, funding requirements, and procedures for additional capital contributions. It also elaborates on how expenses, revenues, and profits will be managed and allocated. 5. Intellectual Property and Confidentiality: If applicable, the agreement addresses the ownership and protection of intellectual property rights developed or utilized during the joint venture. It may also include provisions for maintaining confidentiality of trade secrets and proprietary information. 6. Term and Termination: This section specifies the duration of the joint venture and the terms for its termination. It may include provisions for automatic renewal, extension, or early termination based on certain conditions being met. 7. Governing Law and Venue: As the agreement is being executed in Wyoming, it identifies Wyoming law as the governing law for the contract and specifies the jurisdiction and venue for any disputes or legal proceedings that may arise. Different types of Wyoming Operating Agreement between NBC Internet, Inc. and Velocity, Inc. can include variations depending on the specific nature of their collaboration. For example, if their joint venture pertains to a specific project or industry, specific clauses related to that project or industry may be included. Additionally, the agreement may also be customized to address any unique legal requirements or business considerations applicable to their specific situation.

Wyoming Operating Agreement is a legal document that outlines the terms and conditions between NBC Internet, Inc. and Velocity, Inc., two entities engaged in a business partnership or joint venture. This agreement serves as a guide for the operations and management of their business activities in the state of Wyoming. The Wyoming Operating Agreement between NBC Internet, Inc. and Velocity, Inc. is a comprehensive document that covers various key aspects of their business relationship. It typically includes provisions related to the following: 1. Purpose and Scope: The agreement begins by defining the purpose and objectives of the business venture between the two companies. It outlines the specific activities or services that will be provided and sets the geographical scope of operations in Wyoming. 2. Ownership and Equity: This section describes the ownership structure of the joint venture, stating the ownership percentages of each company involved. It discusses how profits, losses, and liabilities will be shared between the parties. 3. Management and Decision-Making: The agreement outlines the management structure of the joint venture. It determines who will be responsible for the day-to-day operations, strategic decision-making, and financial management. This section may also include procedures for resolving disputes and voting rights. 4. Financial Provisions: The document includes provisions related to the financial aspects of the joint venture. It outlines the initial capital investments made by each party, funding requirements, and procedures for additional capital contributions. It also elaborates on how expenses, revenues, and profits will be managed and allocated. 5. Intellectual Property and Confidentiality: If applicable, the agreement addresses the ownership and protection of intellectual property rights developed or utilized during the joint venture. It may also include provisions for maintaining confidentiality of trade secrets and proprietary information. 6. Term and Termination: This section specifies the duration of the joint venture and the terms for its termination. It may include provisions for automatic renewal, extension, or early termination based on certain conditions being met. 7. Governing Law and Venue: As the agreement is being executed in Wyoming, it identifies Wyoming law as the governing law for the contract and specifies the jurisdiction and venue for any disputes or legal proceedings that may arise. Different types of Wyoming Operating Agreement between NBC Internet, Inc. and Velocity, Inc. can include variations depending on the specific nature of their collaboration. For example, if their joint venture pertains to a specific project or industry, specific clauses related to that project or industry may be included. Additionally, the agreement may also be customized to address any unique legal requirements or business considerations applicable to their specific situation.