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Ownership Agreement LLC
"I need an LLC Ownership Agreement for a Singapore-based tech startup with three founding members, where two members will contribute capital and one will contribute intellectual property, with provisions for future investor admission planned for March 2025."
1. Parties: Identification and details of all members/owners of the LLC
2. Background: Context of the agreement and formation of the LLC
3. Definitions: Key terms used throughout the agreement
4. Company Formation: Details of LLC establishment and structure
5. Capital Contributions: Initial and subsequent capital requirements
6. Ownership Interests: Allocation of ownership percentages and voting rights
7. Management Structure: Governance and decision-making processes
8. Profit Distribution: Rules for distributing profits and losses
9. Transfer Restrictions: Rules governing transfer of ownership interests
10. Termination: Conditions and procedures for termination
1. Non-Compete Provisions: Restrictions on competitive activities - use when protecting business interests from member competition
2. Tag-Along Rights: Rights of minority members to join in sale of majority interests - use when protecting minority owners
3. Drag-Along Rights: Rights of majority to force minority participation in sale - use when facilitating potential future sale
4. International Operations: Provisions for international business activities - use when company operates across borders
1. Schedule 1: Member Details: Detailed information about each member including contact details and ownership percentage
2. Schedule 2: Initial Capital Contributions: Itemized list of initial capital contributions by each member
3. Schedule 3: Company Constitution: Copy of the company constitution or reference to it
4. Appendix A: Valuation Methods: Agreed methods for valuing ownership interests
5. Appendix B: Management Procedures: Detailed procedures for management meetings and decision-making
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