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ConfidentialityIndemnificationLimitation of LiabilityEntire AgreementDefinitions

50/50 Joint Venture LLC Operating Agreement (Board-Managed, v2)

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50/50 Joint Venture LLC Operating Agreement (Board-Managed, v2) - attorney-drafted template. Party names and deal-specific details have been replaced with neutral placeholders. Review before use.

LIMITED LIABILITY COMPANY OPERATING AGREEMENT

Among

[COMPANY]

and

[COMPANY]

and

[COMPANY]

Effective as of the

[DATE]

TABLE OF CONTENTS

[COMPANY]

OPERATING AGREEMENT

This Operating Company Agreement of [COMPANY], a [STATE] limited liability company (the “Company”), is entered into as of this _____ day of ______________ by and among the Company, [COMPANY], a [STATE] limited liability company ([COMPANY]), and [COMPANY], a [STATE] corporation ([COMPANY]).

RECITALS

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50/50 Joint Venture LLC Operating Agreement (Board-Managed, v2)

Partnership Agreements -- US - General