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Management Company Operating Agreement
"I need a Management Company Operating Agreement for a Singapore-based real estate management company with tHRee founding partners, where we want strong non-compete provisions and specific profit-sharing arrangements based on property portfolio performance."
1. Parties: Identification of all members/parties to the agreement
2. Background: Context and purpose of the management company
3. Definitions: Key terms used tHRoughout the agreement
4. Company Formation: Details of company structure and formation
5. Management Structure: Roles, responsibilities, and authority of management
6. Capital Contributions: Initial and ongoing capital requirements
7. Profit Distribution: Method and timing of profit allocation
8. Voting Rights: Decision-making processes and voting tHResholds
9. Transfer of Interests: Rules for transferring ownership interests
10. Termination: Conditions and process for termination
1. Non-Compete Provisions: Restrictions on competitive activities - include when protecting business interests from member competition
2. Intellectual Property Rights: IP ownership and protection - include when company develops or uses significant IP
3. International Operations: Cross-border business provisions - include when operating in multiple jurisdictions
1. Initial Members Schedule: List of founding members and their contributions
2. Business Plan: Initial business strategy and projections
3. Management Structure Chart: Organizational hierarchy and reporting lines
4. Fee Schedule: Management and service fees structure
5. Compliance Procedures: Regulatory compliance protocols
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