Operating Agreement Template - Manager-Managed Limited Liability Company Page 32
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3613.7. Except as provided in this Agreement, no provision of this Agreement will be
construed to limit in any manner the Members in the carrying on of their own respective
businesses or activities.
13.8. Except as provided in this Agreement, no provision of this Agreement will be
construed to constitute a Member, in the Member’s capacity as such, the agent of any other
Member.
13.9. Each Member represents and warrants to the other Members that the Member has
the capacity and authority to enter into this Agreement.
13.10. The article, section, and paragraph titles and headings in this Agreement are
inserted as matters of convenience and for ease of reference only and will be disregarded for all
other purposes, including the construction or enforcement of this Agreement or any of its
provisions.
13.11. This Agreement may be altered, amended, or repealed only by a writing signed by
all of the Members.
13.12. Time is of the essence for every provision of this Agreement that specifies a time
for performance.
13.13. This Agreement is made solely for the benefit of the parties to this Agreement and
their respective permitted successors and assigns, and no other person or entity will have or
acquire any right by virtue of this Agreement.
In witness whereof, the parties have executed or caused to be executed this Agreement on
the day and year first above written.
[Individual Member]
___________________________[insert signature]
___________________________[printed name]
Member
[Partnership member]
____________________________[name of partnership]
By: _________________________[insert signature]
_________________________[printed name]
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