LLC Agreement: Deadlock Escalation Clause | Practical Law
A Standard Clause that can be used in an LLC agreement for a joint venture or other operating company to require the managers or members to escalate a deadlock to the members' senior executives or other specified persons before the members may pursue any buy-sell, put-call, or other deadlock remedy in the LLC agreement. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips.