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Addendum To Operating Agreement

Addendum To Operating Agreement Template for Ireland

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Key Requirements PROMPT example:

Addendum To Operating Agreement

"I need an Addendum to Operating Agreement under Irish law to modify our company's profit distribution structure and add two new board members, with the changes to take effect from March 1, 2025."

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Document background
An Addendum To Operating Agreement is a crucial document used when companies need to modify their existing operational arrangements without creating an entirely new agreement. This document type is particularly relevant in the Irish business context, where companies must ensure compliance with the Companies Act 2014 and related regulations. It's commonly used when circumstances require changes to management structure, profit sharing, voting rights, operational procedures, or other key aspects of company governance. The addendum must be carefully drafted to ensure it integrates seamlessly with the original Operating Agreement while clearly delineating which provisions are being modified, added, or removed. This document is especially important for Irish companies experiencing growth, restructuring, or adapting to new business conditions, as it provides a formal and legally compliant method of updating their operational framework.
Suggested Sections

1. Parties: Identification of all parties to the addendum, including their legal names, registered addresses, and company registration numbers where applicable

2. Background: Reference to the original Operating Agreement (including date and parties), reason for the addendum, and confirmation that parties wish to amend the original agreement

3. Definitions: Key terms used in the addendum, including reference to definitions in the original Operating Agreement that remain applicable

4. Effective Date: Specific date when the modifications take effect

5. Amendments: Detailed description of specific modifications to the original Operating Agreement, with clear reference to sections being modified

6. Continuing Effect: Confirmation that all other provisions of the original Operating Agreement remain in full force and effect

7. Entire Agreement: Statement that this addendum together with the original Operating Agreement constitutes the entire agreement

8. Governing Law: Confirmation that Irish law governs the addendum

9. Execution: Signature blocks for all parties and execution requirements

Optional Sections

1. Recitals: Additional background information when complex circumstances led to the modification

2. Interpretation: Specific rules for interpreting the addendum, needed when amendments are complex

3. Conditions Precedent: Include when amendments are subject to specific conditions being met before taking effect

4. Third Party Rights: Required when amendments affect or create rights for parties not signing the addendum

5. Costs: Include when there are specific arrangements for bearing the costs of implementing the amendments

6. Counterparts: Include when the addendum may be executed in multiple copies

Suggested Schedules

1. Schedule 1 - Amended Clauses: Clean version of all amended clauses in their entirety

2. Schedule 2 - Comparison Version: Track-changes or comparison version showing modifications to original clauses

3. Schedule 3 - Required Consents: List of any third-party consents required for the amendments

4. Appendix A - Updated Company Information: Any updated company details, registered addresses, or contact information

5. Appendix B - Supporting Documents: Any relevant board resolutions, powers of attorney, or other supporting documentation

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






























Clauses






























Relevant Industries

Technology and Software

Professional Services

Financial Services

Manufacturing

Real Estate

Healthcare

Retail and Consumer Goods

Construction

Agriculture

Energy and Utilities

Transportation and Logistics

Media and Entertainment

Education

Hospitality

Relevant Teams

Legal

Corporate Governance

Finance

Operations

Compliance

Risk Management

Executive Leadership

Board of Directors

Company Secretariat

Business Development

Relevant Roles

Chief Executive Officer

Managing Director

Company Secretary

Chief Legal Officer

Corporate Lawyer

Legal Counsel

Chief Financial Officer

Finance Director

Operations Director

Compliance Officer

Risk Manager

Board Member

Company Director

Corporate Governance Manager

Business Development Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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