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Synonyms for «operating agreement»

An operating agreement is a legal document that outlines how a company or business is run and operated. It specifies the roles and responsibilities of the owners, details the decision-making process, and defines the rules and regulations that the members of the company must follow. It essentially serves as a guidebook for how the business is managed and helps prevent conflicts or confusion among the owners. Full definition
Similar and related words and phrases are presented below.

«operating»

operational business ongoing licensing management company working service partnership rental contractual executive lease financing consulting agency corporate account franchise publishing commercial loan official marketing sharing firm written production annual acquisition bargaining outsourcing purchase new property joint listing legal cooperation exclusive partner strategic distribution cooperative supply estate patent collaborative ownership

«agreement»

arrangement contract deal terms negotiations plan accordance operations budget funding policies facility clause parties part proposal expenses document profit grant area office conditions letter opportunity transaction procedures principle revenue provisions costs margin aid obligations time data basis course guidelines form assets manager framework standards requirements way approval life schedule

Related phrases

Phrases with «operating agreement»

Sentences with «operating agreement»

  • Didn't have need of operating agreement before the title company asked for it. (biggerpockets.com)
  • A company's well written operating agreement or buy - sell agreement should address these concerns. (ecjc.com)
  • If you're going to do a partnership, make sure you have clear expectations and a good operating agreement. (empireindustriesllc.com)
  • (see all sentences)

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