Management Provision in a 50/50 Real Estate Joint Venture (Member-Managed) | Practical Law
Standard Clauses containing management provisions that can be used in a limited liability company (LLC) operating agreement for a real estate joint venture formed between two members each holding a fifty percent interest. In these provisions, the members co-manage the joint venture. These Standard Clauses have integrated notes with important explanations and drafting and negotiating tips for both members.