Salt Lake Utah Operating Agreement between NBC Internet, Inc. and Telocity, Inc.

• Category: Corporations - Public - Operating
• State: Multi-State
• County: Salt Lake
• 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 Salt Lake Utah Operating Agreement between NBC Internet, Inc. and Velocity, Inc. is a legal document that outlines the terms and conditions for their business partnership in the Salt Lake Utah region. This agreement serves to establish the rights, responsibilities, and obligations of both parties involved. Here is a detailed description of the standard Salt Lake Utah Operating Agreement between NBC Internet, Inc. and Velocity, Inc., incorporating relevant keywords: 1. Purpose: The agreement defines the purpose of the partnership, which typically involves joint operation of an online platform or provision of internet services in the Salt Lake Utah area. The agreement outlines the shared goals, objectives, and targets of the partnership. 2. Scope: The operating agreement sets boundaries and limitations on the partnership's activities within the Salt Lake Utah region. It clarifies the geographical area where both companies are allowed to operate and carry out their business activities. 3. Financial arrangements: The agreement addresses financial matters, including the distribution of profits, management of expenses, and funding requirements. It outlines the profit-sharing mechanism, investment contributions, and procedures for financial audits between NBC Internet, Inc. and Velocity, Inc. 4. Governance and decision-making: The agreement stipulates the governance framework of the partnership, including the creation of a management committee or board of directors. It defines the decision-making processes, voting rights, and procedures required for approving significant actions or changes in the partnership. 5. Term and termination: This section outlines the duration of the partnership and the conditions leading to its termination. It may specify the minimum term of the partnership, renewal processes, and procedures for voluntary or involuntary termination, including default, bankruptcy, or breach of contract. 6. Intellectual property: The operating agreement addresses intellectual property rights, ownership, and usage related to the partnership's activities in Salt Lake Utah. It outlines how intellectual property created during the partnership will be jointly owned, licensed, or protected. 7. Non-compete and confidentiality: The agreement may include provisions restricting both parties from engaging in competing activities in the Salt Lake Utah region during the partnership and for a specified period thereafter. It also addresses the confidentiality of sensitive business information and trade secrets shared between NBC Internet, Inc. and Velocity, Inc. 8. Dispute resolution: This section defines the mechanisms for resolving disputes that may arise between the parties involved in the Salt Lake Utah Operating Agreement. It may include provisions for mediation, arbitration, or litigation, outlining the preferred methods for resolving conflicts. 9. Amendments and governing law: The agreement outlines the procedures and requirements for making amendments or modifications to the operating agreement. It also identifies the governing law that will govern the agreement and any disputes arising from it. Types of Salt Lake Utah Operating Agreements between NBC Internet, Inc. and Velocity, Inc. include: — Service Partnership Operating Agreement: This type of agreement focuses on the provision of internet services or online platform operation in Salt Lake Utah, specifying roles, responsibilities, and revenue-sharing arrangements. — Technology Collaboration Operating Agreement: This agreement emphasizes collaborative ventures involving technological innovations or software development in the Salt Lake Utah area. It outlines intellectual property rights and the conditions for sharing resources and expertise. — Facility Sharing Operating Agreement: If NBC Internet, Inc. and Velocity, Inc. share physical facilities or network infrastructure in Salt Lake Utah, this agreement defines utilization, maintenance, and cost-sharing arrangements. — Marketing and Sales Partnership Operating Agreement: When both companies collaborate on marketing and sales activities in Salt Lake Utah, this agreement outlines the joint efforts, target markets, and revenue distribution related to promotional campaigns or new product launches. It is important to note that the actual content and terms of the Salt Lake Utah Operating Agreement between NBC Internet, Inc. and Velocity, Inc. may vary depending on their specific business goals, objectives, and legal requirements.

The Salt Lake Utah Operating Agreement between NBC Internet, Inc. and Velocity, Inc. is a legal document that outlines the terms and conditions for their business partnership in the Salt Lake Utah region. This agreement serves to establish the rights, responsibilities, and obligations of both parties involved. Here is a detailed description of the standard Salt Lake Utah Operating Agreement between NBC Internet, Inc. and Velocity, Inc., incorporating relevant keywords: 1. Purpose: The agreement defines the purpose of the partnership, which typically involves joint operation of an online platform or provision of internet services in the Salt Lake Utah area. The agreement outlines the shared goals, objectives, and targets of the partnership. 2. Scope: The operating agreement sets boundaries and limitations on the partnership's activities within the Salt Lake Utah region. It clarifies the geographical area where both companies are allowed to operate and carry out their business activities. 3. Financial arrangements: The agreement addresses financial matters, including the distribution of profits, management of expenses, and funding requirements. It outlines the profit-sharing mechanism, investment contributions, and procedures for financial audits between NBC Internet, Inc. and Velocity, Inc. 4. Governance and decision-making: The agreement stipulates the governance framework of the partnership, including the creation of a management committee or board of directors. It defines the decision-making processes, voting rights, and procedures required for approving significant actions or changes in the partnership. 5. Term and termination: This section outlines the duration of the partnership and the conditions leading to its termination. It may specify the minimum term of the partnership, renewal processes, and procedures for voluntary or involuntary termination, including default, bankruptcy, or breach of contract. 6. Intellectual property: The operating agreement addresses intellectual property rights, ownership, and usage related to the partnership's activities in Salt Lake Utah. It outlines how intellectual property created during the partnership will be jointly owned, licensed, or protected. 7. Non-compete and confidentiality: The agreement may include provisions restricting both parties from engaging in competing activities in the Salt Lake Utah region during the partnership and for a specified period thereafter. It also addresses the confidentiality of sensitive business information and trade secrets shared between NBC Internet, Inc. and Velocity, Inc. 8. Dispute resolution: This section defines the mechanisms for resolving disputes that may arise between the parties involved in the Salt Lake Utah Operating Agreement. It may include provisions for mediation, arbitration, or litigation, outlining the preferred methods for resolving conflicts. 9. Amendments and governing law: The agreement outlines the procedures and requirements for making amendments or modifications to the operating agreement. It also identifies the governing law that will govern the agreement and any disputes arising from it. Types of Salt Lake Utah Operating Agreements between NBC Internet, Inc. and Velocity, Inc. include: — Service Partnership Operating Agreement: This type of agreement focuses on the provision of internet services or online platform operation in Salt Lake Utah, specifying roles, responsibilities, and revenue-sharing arrangements. — Technology Collaboration Operating Agreement: This agreement emphasizes collaborative ventures involving technological innovations or software development in the Salt Lake Utah area. It outlines intellectual property rights and the conditions for sharing resources and expertise. — Facility Sharing Operating Agreement: If NBC Internet, Inc. and Velocity, Inc. share physical facilities or network infrastructure in Salt Lake Utah, this agreement defines utilization, maintenance, and cost-sharing arrangements. — Marketing and Sales Partnership Operating Agreement: When both companies collaborate on marketing and sales activities in Salt Lake Utah, this agreement outlines the joint efforts, target markets, and revenue distribution related to promotional campaigns or new product launches. It is important to note that the actual content and terms of the Salt Lake Utah Operating Agreement between NBC Internet, Inc. and Velocity, Inc. may vary depending on their specific business goals, objectives, and legal requirements.