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Articles Of Organisation And Operating Agreement
"Need Articles of Organisation and Operating Agreement for a new tech startup with three founding members, including specific provisions for future investment rounds and IP protection, to be effective from March 2025."
1. Parties: Identification of all members/parties to the agreement
2. Background: Context and purpose of the organization
3. Definitions: Key terms used throughout the agreement
4. Company Formation: Details of company structure and registration
5. Membership Rights: Rights, obligations and restrictions of members
6. Management Structure: Governance framework and decision-making processes
7. Capital Contributions: Initial and ongoing capital requirements
8. Profit Distribution: Rules for sharing profits and losses
9. Transfer of Interests: Procedures for transferring membership interests
1. Non-Compete Provisions: Restrictions on competitive activities - include when protecting business interests from member competition
2. Intellectual Property Rights: Ownership and protection of IP - include when IP is significant to the business
3. Advisory Board: Structure and role of advisory board - include when external advisors are needed
1. Schedule 1: Initial Members: List of founding members and their contributions
2. Schedule 2: Business Plan: Initial business plan and objectives
3. Schedule 3: Share Capital Structure: Detailed breakdown of share classes and rights
4. Appendix A: Voting Procedures: Detailed voting mechanisms and requirements
5. Appendix B: Valuation Methods: Agreed methods for valuing company interests
Authors
Articles of Organisation
Board
Business
Business Day
Capital Contribution
Company
Confidential Information
Directors
Effective Date
Encumbrance
Financial Year
Founding Members
Good Leaver
Group
Initial Members
Intellectual Property Rights
Laws
Management Committee
Member
Membership Interest
Operating Rules
Ordinary Resolution
Parties
Permitted Transfer
Profit Share
Registered Office
Related Party
Reserved Matters
Share
Share Capital
Special Resolution
Transfer
Voting Rights
Company Name and Registered Office
Business Purpose
Members and Membership
Capital Contributions
Share Capital
Share Transfer Restrictions
Management Structure
Board of Directors
Decision Making
Voting Rights
Meetings
Financial Matters
Profit Distribution
Records and Accounts
Confidentiality
Intellectual Property
Non-Competition
Non-Solicitation
Termination
Winding Up
Dispute Resolution
Amendments
Transfer of Interests
Exit Provisions
Tag-Along Rights
Drag-Along Rights
First Refusal Rights
Information Rights
Reserved Matters
Good/Bad Leaver Provisions
Deadlock Resolution
Governing Law
Notice Provisions
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