Pima Arizona Operating Agreement between NBC Internet, Inc. and Telocity, Inc.

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

Description

Operating Agreement between NBC Internet, Inc. and Telocity, Inc. dated December 10, 1999. 58 pages Lima Arizona Operating Agreement between NBC Internet, Inc. and Velocity, Inc. is a legally binding contract that outlines the terms and conditions governing the relationship between the two companies for their operations in Lima, Arizona. This agreement sets the foundation for cooperation, outlines the rights and responsibilities of each party, and ensures smooth functioning of their joint endeavors in the region. Key provisions covered in the Lima Arizona Operating Agreement include: 1. Purpose and Scope: The agreement defines the specific objectives and scope of the partnership between NBC Internet, Inc. and Velocity, Inc. in Lima, Arizona. It outlines the industries or sectors they will collaborate in, such as telecommunications, technology solutions, internet services, or other areas of mutual interest. 2. Duration and Termination: The agreement specifies the duration of the partnership and the conditions under which it may be terminated by either party. It may include provisions for renewal or extension if agreed upon by both parties. 3. Contributions and Capital: This section outlines the respective financial, technological, or human resources that each party will contribute towards the operations in Lima, Arizona. It clarifies the investment or capital requirements, profit-sharing arrangements, and ownership interests. 4. Governance and Management: The agreement establishes the governance structure for decision-making, appointing key personnel, and establishing management procedures. It may outline the creation of a joint management committee or board of directors to oversee operations and ensure effective collaboration. 5. Intellectual Property: This section defines the ownership, use, and protection of intellectual property rights developed or utilized during the joint operations. It clarifies the rights and restrictions concerning patents, trademarks, copyrights, trade secrets, and other proprietary information. 6. Confidentiality and Non-Compete: The agreement may include provisions to safeguard confidential information shared between the parties. It may restrict both parties from engaging in direct competition or exploitation of confidential information outside the scope of the agreement. 7. Dispute Resolution: In case of disagreements or conflicts arising between the parties, the agreement may outline the procedures and mechanisms for resolving disputes, such as negotiation, mediation, or arbitration. Different types of Lima Arizona Operating Agreements between NBC Internet, Inc. and Velocity, Inc. may include variations in specific terms depending on the nature and scale of their joint operations. For instance, there could be separate agreements for specific projects, product development, or market expansion initiatives. These agreements may have unique provisions tailored to the specific circumstances and objectives of each collaboration. However, the core elements mentioned above are likely to be present in any Lima Arizona Operating Agreement to ensure a clear and comprehensive understanding between the parties involved.

Lima Arizona Operating Agreement between NBC Internet, Inc. and Velocity, Inc. is a legally binding contract that outlines the terms and conditions governing the relationship between the two companies for their operations in Lima, Arizona. This agreement sets the foundation for cooperation, outlines the rights and responsibilities of each party, and ensures smooth functioning of their joint endeavors in the region. Key provisions covered in the Lima Arizona Operating Agreement include: 1. Purpose and Scope: The agreement defines the specific objectives and scope of the partnership between NBC Internet, Inc. and Velocity, Inc. in Lima, Arizona. It outlines the industries or sectors they will collaborate in, such as telecommunications, technology solutions, internet services, or other areas of mutual interest. 2. Duration and Termination: The agreement specifies the duration of the partnership and the conditions under which it may be terminated by either party. It may include provisions for renewal or extension if agreed upon by both parties. 3. Contributions and Capital: This section outlines the respective financial, technological, or human resources that each party will contribute towards the operations in Lima, Arizona. It clarifies the investment or capital requirements, profit-sharing arrangements, and ownership interests. 4. Governance and Management: The agreement establishes the governance structure for decision-making, appointing key personnel, and establishing management procedures. It may outline the creation of a joint management committee or board of directors to oversee operations and ensure effective collaboration. 5. Intellectual Property: This section defines the ownership, use, and protection of intellectual property rights developed or utilized during the joint operations. It clarifies the rights and restrictions concerning patents, trademarks, copyrights, trade secrets, and other proprietary information. 6. Confidentiality and Non-Compete: The agreement may include provisions to safeguard confidential information shared between the parties. It may restrict both parties from engaging in direct competition or exploitation of confidential information outside the scope of the agreement. 7. Dispute Resolution: In case of disagreements or conflicts arising between the parties, the agreement may outline the procedures and mechanisms for resolving disputes, such as negotiation, mediation, or arbitration. Different types of Lima Arizona Operating Agreements between NBC Internet, Inc. and Velocity, Inc. may include variations in specific terms depending on the nature and scale of their joint operations. For instance, there could be separate agreements for specific projects, product development, or market expansion initiatives. These agreements may have unique provisions tailored to the specific circumstances and objectives of each collaboration. However, the core elements mentioned above are likely to be present in any Lima Arizona Operating Agreement to ensure a clear and comprehensive understanding between the parties involved.