Harris Texas Preferential Purchase Right Notice / Waiver Under Operating Agreement

• Category: Oil Gas and Minerals - Waivers
• State: Multi-State
• County: Harris
• Control #: US-OG-565
• Format: Word; Rich Text

Description

This is a form of a Preferential Purchase Right Notice/Waiver Under Operating Agreement. Keywords: Harris Texas, preferential purchase right notice, waiver, operating agreement Description: The Harris Texas Preferential Purchase Right Notice/Waiver Under Operating Agreement is a legal document that outlines the rights and responsibilities of the parties involved in an operating agreement within the Harris County, Texas jurisdiction. This document specifically addresses the preferential purchase rights and any potential waivers attached to them. The preferential purchase right notice serves as a mechanism for one party to notify the other party of their intention to exercise their preferential purchase rights detailed in the operating agreement. This notice typically includes important details such as the parties involved, the specific property or asset subject to the preferential purchase right, the purchase price, and the terms of the proposed transaction. In certain circumstances, where both parties mutually agree, a waiver may be issued under the operating agreement. The waiver relieves one or both parties from the obligation to comply with the preferential purchase rights or specific terms outlined in the operating agreement. This waiver can be temporary or permanent, depending on the parties' agreement and the terms outlined in the operating agreement. Under the Harris Texas jurisdiction, there may be variations of the preferential purchase right notice or waiver under the operating agreement based on specific industries or contractual arrangements. Some common variations may include: 1. Real Estate Preferential Purchase Right Notice/Waiver: This type of notice or waiver is specific to real estate operating agreements where parties have preferential rights to purchase properties or assets within Harris County, Texas. 2. Business Partnership Preferential Purchase Right Notice/Waiver: This notice or waiver is applicable to operating agreements within partnerships or joint ventures operating in Harris County, Texas. It outlines the preferential purchase rights of partners/joint venture members and any potential waivers related to those rights. 3. Oil and Gas Lease Preferential Purchase Right Notice/Waiver: This notice or waiver pertains to operating agreements in the oil and gas industry operating within Harris County, Texas. It addresses preferential purchase rights and waivers related to the acquisition or disposal of oil and gas leases. It is important to consult with legal professionals and review the specific operating agreement to fully understand the preferential purchase right notice and waiver provisions under the Harris Texas jurisdiction. Compliance with these provisions is crucial to avoid any disputes or breaches of the operating agreement.

Keywords: Harris Texas, preferential purchase right notice, waiver, operating agreement Description: The Harris Texas Preferential Purchase Right Notice/Waiver Under Operating Agreement is a legal document that outlines the rights and responsibilities of the parties involved in an operating agreement within the Harris County, Texas jurisdiction. This document specifically addresses the preferential purchase rights and any potential waivers attached to them. The preferential purchase right notice serves as a mechanism for one party to notify the other party of their intention to exercise their preferential purchase rights detailed in the operating agreement. This notice typically includes important details such as the parties involved, the specific property or asset subject to the preferential purchase right, the purchase price, and the terms of the proposed transaction. In certain circumstances, where both parties mutually agree, a waiver may be issued under the operating agreement. The waiver relieves one or both parties from the obligation to comply with the preferential purchase rights or specific terms outlined in the operating agreement. This waiver can be temporary or permanent, depending on the parties' agreement and the terms outlined in the operating agreement. Under the Harris Texas jurisdiction, there may be variations of the preferential purchase right notice or waiver under the operating agreement based on specific industries or contractual arrangements. Some common variations may include: 1. Real Estate Preferential Purchase Right Notice/Waiver: This type of notice or waiver is specific to real estate operating agreements where parties have preferential rights to purchase properties or assets within Harris County, Texas. 2. Business Partnership Preferential Purchase Right Notice/Waiver: This notice or waiver is applicable to operating agreements within partnerships or joint ventures operating in Harris County, Texas. It outlines the preferential purchase rights of partners/joint venture members and any potential waivers related to those rights. 3. Oil and Gas Lease Preferential Purchase Right Notice/Waiver: This notice or waiver pertains to operating agreements in the oil and gas industry operating within Harris County, Texas. It addresses preferential purchase rights and waivers related to the acquisition or disposal of oil and gas leases. It is important to consult with legal professionals and review the specific operating agreement to fully understand the preferential purchase right notice and waiver provisions under the Harris Texas jurisdiction. Compliance with these provisions is crucial to avoid any disputes or breaches of the operating agreement.