LLC Agreement (Board-Managed): Board Observer Right | Practical Law

LLC Agreement (Board-Managed): Board Observer Right | Practical Law

A Standard Clause providing a member or class of members of a board-managed limited liability company (LLC) with the right to appoint a representative to attend LLC board meetings as a non-voting observer. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips.

LLC Agreement (Board-Managed): Board Observer Right

Practical Law Standard Clauses w-011-8124 (Approx. 10 pages)

LLC Agreement (Board-Managed): Board Observer Right

by Practical Law Corporate & Securities
Maintained • USA (National/Federal)
A Standard Clause providing a member or class of members of a board-managed limited liability company (LLC) with the right to appoint a representative to attend LLC board meetings as a non-voting observer. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips.