Manager Managed LLC Operating Agreement Template for United Arab Emirates

1. Tag-Along Rights: Include when protecting minority members' rights to join in sale of majority interests

2. Drag-Along Rights: Include when majority members need power to force minority participation in sale

3. Non-Compete and Confidentiality: Include when specific protection of company information and market position is required

4. Islamic Finance Compliance: Include when the LLC needs to operate in accordance with Shariah principles

5. Intellectual Property Rights: Include when the LLC owns or develops significant IP

6. Special Purpose Vehicle Provisions: Include when LLC is formed as an SPV for specific project or investment

7. Foreign Ownership Provisions: Include when foreign investors are involved, addressing UAE foreign ownership rules

1. Schedule 1 - Members Register: Details of all members, their contact information and membership interests

2. Schedule 2 - Initial Capital Contributions: Itemized list of initial capital contributions by each member

3. Schedule 3 - Manager Details: Names, details and specific authorities of initial managers

4. Schedule 4 - Business Plan: Initial business plan and strategic objectives

5. Schedule 5 - Reserved Matters: List of decisions requiring special approval

6. Appendix A - Form of Transfer Notice: Standard form for notifying intent to transfer membership interests

7. Appendix B - Valuation Methods: Agreed methods for valuing membership interests

8. Appendix C - Power of Attorney: Standard form of power of attorney for company matters