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Limited Liability Company LLC Operating Agreement
"Need a Limited Liability Company LLC Operating Agreement for a new tech startup in Singapore with tHRee founding members, including specific provisions for intellectual property rights and a structured exit mechanism for any founding member who wishes to leave after March 2025."
1. Parties: Identification of all members/shareholders of the Private Limited Company
2. Background: Context of company formation and purpose of the agreement
3. Definitions: Key terms used tHRoughout the agreement
4. Company Formation: Details of company establishment, registered office, and business purpose
5. Capital Contributions: Initial and subsequent capital contributions, sharing ratios
6. Management Structure: Management rights, voting requirements, director appointments
7. Members' Rights and Obligations: Rights, duties, and responsibilities of members
8. Transfer of Shares: Procedures for transfer of ownership interests
9. Meetings and Voting: Procedures for company meetings and voting rights
10. Dissolution and Termination: Process for company dissolution and member exit
1. Non-Compete Provisions: Restrictions on competitive activities by members to protect business interests
2. Intellectual Property Rights: Provisions governing ownership and protection of company intellectual property
3. Dispute Resolution: Specific procedures and mechanisms for resolving internal disputes between members
4. Foreign Investment Provisions: Special provisions addressing requirements and protections for foreign shareholders
1. Schedule 1: Members' Information: Detailed information about all members including shareholding
2. Schedule 2: Initial Capital Contributions: Details of initial investments and valuations
3. Schedule 3: Company Constitution: Constitutional documents required under Singapore law
4. Appendix A: Shareholding Structure: Detailed breakdown of share classes and ownership
5. Appendix B: Management Procedures: Detailed procedures for company management
Authors
Articles of Association
Board
Business Day
Capital Contribution
Company
Companies Act
Confidential Information
Director
Effective Date
Encumbrance
Financial Year
Initial Capital
Intellectual Property Rights
Law
Member
Memorandum of Association
Notice
Ordinary Resolution
Parties
Percentage Interest
Person
Private Limited Company
Profits
Register of Members
Registered Office
Related Corporation
Resolution
Secretary
Share
Shareholder
Share Capital
Special Resolution
Subsidiary
Transfer
Voting Rights
Business Purpose
Capital Contributions
Share Capital and Classes
Membership
Management Structure
Voting Rights
Transfer of Shares
Pre-emptive Rights
Tag-along Rights
Drag-along Rights
Directors' Duties
Board Meetings
General Meetings
Decision Making
Dividend Policy
Financial Matters
Accounts and Records
Confidentiality
Non-Competition
Intellectual Property
Default
Deadlock Resolution
Dispute Resolution
Term and Termination
Dissolution
Exit Provisions
Force Majeure
Notices
Assignment
Amendment Procedures
Governing Law
Severability
Entire Agreement
Compliance with Laws
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