Houston Texas Operating Agreement between NBC Internet, Inc. and Telocity, Inc.

• Category: Corporations - Public - Operating
• State: Multi-State
• City: Houston
• 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 Houston Texas Operating Agreement is a legal document that outlines the terms and conditions of the business relationship between NBC Internet, Inc. and Velocity, Inc. It serves as a guidebook that defines how the two companies will work together and manage their operations within the Houston, Texas area. This agreement is specifically tailored for businesses operating in Houston, Texas, and addresses various aspects related to their partnership, including ownership rights, management structure, decision-making processes, financial responsibilities, and dispute resolution mechanisms. Both NBC Internet, Inc. and Velocity, Inc. must adhere to the agreed-upon terms and conditions outlined in the Operating Agreement. Within the context of Houston Texas Operating Agreements between NBC Internet, Inc. and Velocity, Inc., there can be different types, based on the specific nature of their collaboration or the industry they operate in. Some common examples include: 1. Joint Venture Operating Agreement: This type of agreement is usually established when NBC Internet, Inc. and Velocity, Inc. collaborate on a specific project or venture in Houston, Texas. It outlines the responsibilities, contributions, and profit-sharing arrangements between the two companies for that specific undertaking. 2. Partnership Operating Agreement: If NBC Internet, Inc. and Velocity, Inc. have an ongoing business partnership in the Houston, Texas region, they may have a partnership operating agreement. This agreement would cover the overall management, decision-making processes, profit-sharing, and liability sharing between the two companies. 3. Licensing Agreement: In cases where NBC Internet, Inc. licenses its intellectual property or technology to Velocity, Inc. in Houston, Texas, there may be a licensing agreement within the Operating Agreement. This agreement would outline the terms and conditions of the license, including usage rights, royalties, and duration. 4. Acquisition/Merger Operating Agreement: If NBC Internet, Inc. acquires or merges with Velocity, Inc. in Houston, Texas, there would be an operating agreement specific to the acquisition or merger. This agreement would address the integration of the two companies, post-merger responsibilities, and other relevant details. Regardless of the type, each Houston Texas Operating Agreement between NBC Internet, Inc. and Velocity, Inc. should include clear provisions regarding the scope of the agreement, obligations and rights of each party, termination and breach clauses, confidentiality, governing law, and any other essential terms and conditions necessary for their business relationship in Houston, Texas.

A Houston Texas Operating Agreement is a legal document that outlines the terms and conditions of the business relationship between NBC Internet, Inc. and Velocity, Inc. It serves as a guidebook that defines how the two companies will work together and manage their operations within the Houston, Texas area. This agreement is specifically tailored for businesses operating in Houston, Texas, and addresses various aspects related to their partnership, including ownership rights, management structure, decision-making processes, financial responsibilities, and dispute resolution mechanisms. Both NBC Internet, Inc. and Velocity, Inc. must adhere to the agreed-upon terms and conditions outlined in the Operating Agreement. Within the context of Houston Texas Operating Agreements between NBC Internet, Inc. and Velocity, Inc., there can be different types, based on the specific nature of their collaboration or the industry they operate in. Some common examples include: 1. Joint Venture Operating Agreement: This type of agreement is usually established when NBC Internet, Inc. and Velocity, Inc. collaborate on a specific project or venture in Houston, Texas. It outlines the responsibilities, contributions, and profit-sharing arrangements between the two companies for that specific undertaking. 2. Partnership Operating Agreement: If NBC Internet, Inc. and Velocity, Inc. have an ongoing business partnership in the Houston, Texas region, they may have a partnership operating agreement. This agreement would cover the overall management, decision-making processes, profit-sharing, and liability sharing between the two companies. 3. Licensing Agreement: In cases where NBC Internet, Inc. licenses its intellectual property or technology to Velocity, Inc. in Houston, Texas, there may be a licensing agreement within the Operating Agreement. This agreement would outline the terms and conditions of the license, including usage rights, royalties, and duration. 4. Acquisition/Merger Operating Agreement: If NBC Internet, Inc. acquires or merges with Velocity, Inc. in Houston, Texas, there would be an operating agreement specific to the acquisition or merger. This agreement would address the integration of the two companies, post-merger responsibilities, and other relevant details. Regardless of the type, each Houston Texas Operating Agreement between NBC Internet, Inc. and Velocity, Inc. should include clear provisions regarding the scope of the agreement, obligations and rights of each party, termination and breach clauses, confidentiality, governing law, and any other essential terms and conditions necessary for their business relationship in Houston, Texas.