Tag: Operating agreements
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Case studies: Operating Agreements for Real Estate Joint Ventures
Importance of Operating Agreements in Joint Ventures Operating agreements are the backbone of any successful joint venture, particularly in the real estate sector. They serve as the foundational document that outlines the rights and responsibilities of each party involved, ensuring clarity and stability in the partnership. As a lawyer with extensive experience representing both major…
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Interesting: Can’t compel arbitration of action to dissolve LLC even if operating agreement has arbitration clause
A California Superior Court Judge in San Diego just issued a ruling denying a motion to compel arbitration of a lawsuit seeking to dissolve an LLC. The LLC operating agreement says that all actions arising from or related to the operating agreement have to be resolved through binding arbitration. And California Supreme Court decisions in…