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The term of this Agreement shall be until the Company is dissolved as provided in this Agreement.
Typically, an operating agreement is a document that defines how a limited liability company will be managed.
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The Democracy at Work Institute worked with counsel to develop this sample operating agreement, which modifies the ICA Group Model Bylaws to be suitable for The sample LLC operating agreement below details an agreement between the two members of the example company, 'ABC, LLC.'. It is similar to a declaration of a certain set of norms or structure that one has chosen for an institution.
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