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Amendment Of Operating Agreement

Amendment Of Operating Agreement Template for Singapore

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Key Requirements PROMPT example:

Amendment Of Operating Agreement

"Need an Amendment Of Operating Agreement to modify our profit-sharing structure and add two new members to our Singapore-based technology consulting firm, to be effective from March 1, 2025."

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Document background
The Amendment Of Operating Agreement is essential when business partners or company members need to modify their existing operational framework in Singapore. This document is typically used when there are changes in ownership structure, profit sharing, management responsibilities, or operational procedures. It must comply with Singapore's Companies Act and may require registration with ACRA. The amendment should clearly reference the original operating agreement and specify which provisions are being modified, added, or removed.
Suggested Sections

1. Parties: Identification of all parties to the operating agreement

2. Background: Reference to original operating agreement and reason for amendment

3. Definitions: Key terms used in the amendment

4. Amendment Details: Specific modifications to the original agreement

5. Effective Date: When the amendments take effect

6. Ratification: Confirmation that all other terms remain in effect

Optional Sections

1. Consideration: Details of any consideration paid for the amendment, if applicable

2. Regulatory Compliance: Required when amendments need regulatory approval

3. Third Party Consents: When amendments require approval from external parties

4. Transitional Provisions: When implementation of changes requires a transition period

Suggested Schedules

1. Revised Operating Agreement: Clean copy of operating agreement incorporating all amendments

2. Comparison Version: Tracked changes showing modifications to original agreement

3. Corporate Approvals: Copies of relevant board/shareholder resolutions

4. Regulatory Approvals: Copies of any required regulatory consents

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions

























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Industries

Companies Act (Cap. 50): Primary legislation governing company operations in Singapore, including requirements for company constitution and amendments, directors' duties and shareholders' rights

Limited Liability Partnerships Act: Legislative framework governing LLPs in Singapore, including requirements for partnership agreements and modifications to such agreements

Business Names Registration Act 2014: Legislation governing business name registration and changes in Singapore

Securities and Futures Act: Regulatory framework for securities and investments, relevant if amendment involves changes to shareholding or investment structures

Singapore Contract Law: General principles of contract law including requirements for valid amendments and consideration requirements

Stamp Duties Act: Legislation governing stamp duty implications for legal documents and amendments

ACRA Regulatory Requirements: Corporate regulatory requirements from the Accounting and Corporate Regulatory Authority of Singapore

MAS Regulatory Requirements: Regulatory requirements from the Monetary Authority of Singapore, if applicable to the business sector

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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