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Articles Of Operating Agreement
I need Articles of Operating Agreement for a Hong Kong tech startup with three co-founders launching in March 2025, including specific provisions for intellectual property rights and future investor participation, with an initial capital of HKD 1,000,000.
1. Parties: Identifies all members/parties to the operating agreement, including their full legal names and addresses
2. Background: Explains the context and purpose for establishing the company and entering into this operating agreement
3. Definitions: Defines key terms used throughout the agreement for clarity and consistency
4. Formation: Details of company formation, including company name, registered office, and business purpose
5. Capital Contributions: Specifies initial and subsequent capital contributions by members, including valuation of non-cash contributions
6. Membership Interests: Defines the ownership structure, including percentage interests and voting rights of members
7. Management Structure: Outlines the management framework, including appointment of directors/managers and their powers
8. Meetings and Voting: Procedures for member and management meetings, voting requirements, and decision-making processes
9. Financial Affairs: Covers financial management, including accounting practices, distributions, and tax matters
10. Transfer of Interests: Rules governing the transfer of membership interests, including restrictions and right of first refusal
11. Dissolution and Liquidation: Procedures for company dissolution and asset distribution
12. General Provisions: Standard clauses including governing law, amendments, notices, and dispute resolution
1. Drag-Along Rights: Include when majority shareholders need the ability to force minority shareholders to join in the sale of the company
2. Tag-Along Rights: Include when minority shareholders need the right to join in sales by majority shareholders
3. Non-Compete and Confidentiality: Include when specific protection of company secrets and prevention of competition is required
4. Intellectual Property Rights: Include when the company deals with significant IP assets or development
5. Employee Management: Include when the agreement needs to cover detailed employment policies and procedures
6. International Operations: Include when the company operates across multiple jurisdictions
7. Special Purpose Vehicles: Include when the company structure involves SPVs or subsidiary arrangements
8. Environmental Compliance: Include for businesses with significant environmental impact or responsibilities
1. Schedule 1: Member Information: Detailed information about members, including contact details and initial capital contributions
2. Schedule 2: Share Capital Structure: Detailed breakdown of share classes, rights, and ownership percentages
3. Schedule 3: Management Structure: Organizational chart and detailed management responsibilities
4. Schedule 4: Business Plan: Initial business plan and strategic objectives
5. Schedule 5: Asset Register: List of company assets and their agreed values
6. Schedule 6: Special Resolutions: List of matters requiring special resolution approval
7. Appendix A: Specimen Share Certificate: Template for company share certificates
8. Appendix B: Company Policies: Key operational policies and procedures
Authors
Articles
Board
Business
Business Day
Capital Contribution
Company
Company Secretary
Confidential Information
Directors
Distributable Profits
Effective Date
Encumbrance
Financial Year
General Meeting
Hong Kong
Initial Members
Intellectual Property Rights
Management Committee
Material Breach
Member
Membership Interest
Ordinance
Ordinary Resolution
Percentage Interest
Person
Profits
Registered Office
Related Party
Relevant Laws
Reserved Matters
Resolution
Share
Share Capital
Shareholder
Special Resolution
Subsidiary
Transfer
Transferee
Transferor
Voting Rights
Winding Up
Share Capital and Membership
Capital Contributions
Meetings and Voting
Management Rights
Transfer Restrictions
Financial Management
Profit Distribution
Confidentiality
Non-Competition
Dispute Resolution
Termination
Amendment Procedures
Governing Law
Representations and Warranties
Tag-Along Rights
Drag-Along Rights
Pre-emptive Rights
Board Composition
Decision Making
Reserved Matters
Information Rights
Exit Rights
Default
Force Majeure
Intellectual Property
Indemnification
Notices
Assignment
Severability
Technology
Manufacturing
Financial Services
Professional Services
Retail
Real Estate
Healthcare
Education
Logistics
Construction
Media and Entertainment
Food and Beverage
Consulting
E-commerce
Legal
Corporate Governance
Compliance
Finance
Board of Directors
Executive Leadership
Corporate Affairs
Risk Management
Company Secretariat
Shareholder Relations
Chief Executive Officer
Managing Director
Company Secretary
Chief Legal Officer
Corporate Lawyer
Compliance Officer
Board Director
Chief Financial Officer
Corporate Governance Officer
Risk Manager
Business Development Director
Operations Director
Shareholder Relations Manager
Investment Manager
Company Founder
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