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Sample Operating Agreement For ____________, LLC
A Delaware Limited Liability Company
This Operating Agreement (the "Agreement") is made effective as of ______, by and
among and those Persons (the “Members”) identified in Exhibit A.
In consideration of the mutual covenants and conditions herein, the Members
agree as follows:
ARTICLE I
ORGANIZATION
1.1 Formation and Qualification. The Members have formed a limited
liability company (the “Company”) under the Delaware Limited Liability Company
Act (currently Chapter 18 of Title 6 of the Delaware Code) (the "Act") by filing
Articles of Organization with the Delaware Secretary of State.
1.2 Governing Law. This Agreement shall be governed by and construed
and interpreted in accordance with the laws of the State of Delaware, including the
Delaware Limited Liability Company Act, (the "Act") as amended from time to time,
without regard to Delaware's conflicts of laws principles. The rights and liabilities
of the Members shall be determined purs