Manager Resolutions (LLC): Entry into a Joint Venture | Practical Law
Resolutions of the manager, managers, or board of managers of an LLC authorizing its entry into a joint venture carried out through a separate entity, including authorization and delivery of the joint venture's LLC agreement, stockholders agreement, or other primary governing agreement, a contribution agreement, and any service, support, or other ancillary agreements. These resolutions are drafted as standard clauses and should be inserted into meeting minutes or a form of written consent. This Standard Clause has integrated notes with important explanations and drafting tips.