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Manager Managed Operating Agreement
"I need a Manager Managed Operating Agreement for a Singapore-based tech startup with tHRee founding members and two professional managers, with specific provisions for future equity distribution and technology IP protection, to be effective from March 2025."
1. Parties: Identification and details of all members and managers
2. Background: Context and purpose of the operating agreement
3. Definitions: Key terms used tHRoughout the agreement
4. Company Formation: Details of company structure and registration
5. Management Structure: Rights, powers, and duties of managers
6. Capital Contributions: Initial and ongoing capital requirements
7. Profit and Loss Distribution: Distribution methodology and timing
8. Voting Rights: Decision-making processes and voting tHResholds
9. Transfer of Interests: Rules for transferring ownership interests
10. Dissolution: Process for winding up the company
1. Foreign Ownership Provisions: Required when foreign owners are involved - applies when company has non-Singapore owners
2. Intellectual Property Rights: IP ownership and protection provisions - needed when company owns or develops IP
3. Non-Compete Provisions: Restrictions on competitive activities - used when protecting business interests from member competition
4. Buy-Sell Provisions: Detailed procedures for ownership changes - applicable when detailed exit mechanisms are needed
1. Schedule 1: Initial Capital Contributions: Detailed breakdown of member contributions
2. Schedule 2: Manager Details: Names, addresses, and roles of initial managers
3. Schedule 3: Profit Distribution Formula: Detailed calculation method for distributions
4. Appendix A: Company Policies: Standard operating procedures and policies
5. Appendix B: Forms: Standard forms for company operations
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