Closing Mechanics on Exit Provision in a 90/10 Real Estate Joint Venture | Practical Law
Standard Clauses containing closing mechanics provisions for buy/sell and right of first offer transactions. These Standard Clauses can be used in a limited liability company operating agreement for a real estate joint venture, formed between an operating member, which is the minority member, and an investor member, which is the majority member. These Standard Clauses contain integrated notes with important explanations and drafting and negotiating tips for both members.