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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
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