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1. Parties: Identification of all members/shareholders and their details
2. Background: Context and purpose of the operating agreement
3. Definitions: Key terms used throughout the agreement
4. Business Purpose: Company's primary activities and objectives
5. Capital Contributions: Initial and ongoing capital requirements
6. Management Structure: Governance and decision-making processes
7. Profit and Loss Distribution: How financial benefits and losses are shared
8. Transfer of Interests: Rules for transferring ownership stakes
1. Non-Compete Provisions: Restrictions on competitive activities - use when protecting business interests from member competition
2. Intellectual Property Rights: IP ownership and usage rights - use when IP is significant to the business
3. International Operations: Rules for international business activities - use when company operates across borders
1. Schedule 1 - Initial Capital Contributions: Detailed breakdown of members' initial investments
2. Schedule 2 - Share Distribution: Allocation of shares/ownership interests
3. Schedule 3 - Business Plan: Initial business plan and projections
4. Appendix A - Voting Rights: Detailed voting procedures and rights
5. Appendix B - Management Structure: Detailed organizational chart and responsibilities
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