This operating agreement exhibit takes effect if any party takes and disposes of less than its percentage interest share of gas (including casinghead gas) produced and saved during any calendar month. The volume not taken by that party may be taken by any other party or parties.
California Exhibit E to Operating Agreement Gas Balancing Agreement - Form 4
Category:
State:
Multi-State
Control #:
US-OG-748
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Exhibit E To Operating Agreement Gas Balancing Agreement - Form 4?
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FAQ
Organization / Formation Most LLC Operating Agreements open by recording basic information about your LLC, like its name, purpose, business address, California registered agent information, and the names of all members.
Although writing an operating agreement is not a mandatory requirement for most states, it is nonetheless considered a crucial document that should be included when setting up a limited liability company. The document, once signed by each member (owner), acts as a binding set of rules for them to adhere to.
Operating agreements do not cost money, since no state requires you to file an official copy. Instead, it's recommended that you hire a lawyer to help you craft this complex and crucial legal document.
No, an LLC operating agreement does not legally have to be notarized. However, having notarization can potentially limit any future arguments about coercion or misunderstandings.
In most cases, a contract does not have to be notarized since the signed contract itself is enforceable and legally binding in state or federal courts.