Allegheny Pennsylvania Operating Agreement between NBC Internet, Inc. and Telocity, Inc.

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

Description

Operating Agreement between NBC Internet, Inc. and Telocity, Inc. dated December 10, 1999. 58 pages Allegheny Pennsylvania Operating Agreement between NBC Internet, Inc. and Velocity, Inc. is a legal contract that outlines the terms and conditions governing the partnership and collaboration between the two companies. This agreement serves as a guiding document to ensure transparency, shared responsibilities, and a smooth working relationship between the parties involved. The Allegheny Pennsylvania Operating Agreement covers various important aspects, including: 1. Purpose: This section provides a detailed description of the primary goals and objectives that NBC Internet, Inc. and Velocity, Inc. aim to achieve through their partnership. It outlines the purpose for which the agreement is being entered into and sets the foundation for their collaboration. 2. Definitions: To ensure clarity and avoid any confusion, this section clearly defines the key terms and phrases used throughout the agreement. It helps both parties to have a shared understanding of the language used in the document. 3. Responsibilities and Obligations: This segment outlines the specific roles, duties, and obligations of each party involved. It defines the scope of work and clearly states the expectations from each entity, ensuring a well-defined division of labor. 4. Financial Arrangements: The financial terms of the partnership are explicitly detailed in this section. It includes provisions for revenue sharing, cost allocation, and payment terms. This ensures transparency and fairness in financial dealings. 5. Intellectual Property Rights: This part of the agreement addresses the ownership and usage rights of intellectual property created or utilized during the collaboration. It outlines the procedures for protecting and safeguarding proprietary information and trade secrets. 6. Term and Termination: The agreement specifies the duration of the partnership, including the start and end dates. Additionally, it outlines the circumstances under which the agreement can be terminated, including any breach of terms, insolvency, or force majeure events. 7. Dispute Resolution: This section establishes the agreed-upon mechanism for resolving disputes or disagreements that may arise between NBC Internet, Inc. and Velocity, Inc. It may include clauses for mediation, arbitration, or litigation. It is important to note that while there may not be multiple types of Allegheny Pennsylvania Operating Agreement between NBC Internet, Inc. and Velocity, Inc., the content and terms of the agreement can be tailored and customized based on the unique requirements and dynamics of the partnership. In summary, the Allegheny Pennsylvania Operating Agreement between NBC Internet, Inc. and Velocity, Inc. is a comprehensive document that sets out the terms, obligations, and expectations of both parties involved in their collaborative efforts. It enables a clear understanding of the working relationship, reduces potential conflicts, and contributes to the success of their partnership.

Allegheny Pennsylvania Operating Agreement between NBC Internet, Inc. and Velocity, Inc. is a legal contract that outlines the terms and conditions governing the partnership and collaboration between the two companies. This agreement serves as a guiding document to ensure transparency, shared responsibilities, and a smooth working relationship between the parties involved. The Allegheny Pennsylvania Operating Agreement covers various important aspects, including: 1. Purpose: This section provides a detailed description of the primary goals and objectives that NBC Internet, Inc. and Velocity, Inc. aim to achieve through their partnership. It outlines the purpose for which the agreement is being entered into and sets the foundation for their collaboration. 2. Definitions: To ensure clarity and avoid any confusion, this section clearly defines the key terms and phrases used throughout the agreement. It helps both parties to have a shared understanding of the language used in the document. 3. Responsibilities and Obligations: This segment outlines the specific roles, duties, and obligations of each party involved. It defines the scope of work and clearly states the expectations from each entity, ensuring a well-defined division of labor. 4. Financial Arrangements: The financial terms of the partnership are explicitly detailed in this section. It includes provisions for revenue sharing, cost allocation, and payment terms. This ensures transparency and fairness in financial dealings. 5. Intellectual Property Rights: This part of the agreement addresses the ownership and usage rights of intellectual property created or utilized during the collaboration. It outlines the procedures for protecting and safeguarding proprietary information and trade secrets. 6. Term and Termination: The agreement specifies the duration of the partnership, including the start and end dates. Additionally, it outlines the circumstances under which the agreement can be terminated, including any breach of terms, insolvency, or force majeure events. 7. Dispute Resolution: This section establishes the agreed-upon mechanism for resolving disputes or disagreements that may arise between NBC Internet, Inc. and Velocity, Inc. It may include clauses for mediation, arbitration, or litigation. It is important to note that while there may not be multiple types of Allegheny Pennsylvania Operating Agreement between NBC Internet, Inc. and Velocity, Inc., the content and terms of the agreement can be tailored and customized based on the unique requirements and dynamics of the partnership. In summary, the Allegheny Pennsylvania Operating Agreement between NBC Internet, Inc. and Velocity, Inc. is a comprehensive document that sets out the terms, obligations, and expectations of both parties involved in their collaborative efforts. It enables a clear understanding of the working relationship, reduces potential conflicts, and contributes to the success of their partnership.