This is a rider to the software/services master agreement order form. It provides that a related entity of the customer may use the software purchased from the vendor.
Delaware Related Entity is a legal term that refers to a business entity registered in the state of Delaware, USA. Known for its business-friendly laws, Delaware has become a popular choice for companies to establish their presence. Delaware offers several types of related entities that cater to different business needs. Below, we outline the most common types of Delaware Related Entities: 1. Delaware Corporation: A Delaware Corporation refers to a business entity that is organized and registered under the General Corporation Law of Delaware. This type of entity provides limited liability protection to its owners (shareholders) while offering flexibility in terms of ownership structure, management, and capital structure. Delaware corporations benefit from the well-established legal framework and extensive case law, making it a preferred choice for businesses of all sizes. 2. Delaware Limited Liability Company (LLC): Delaware LCS are a popular choice for small to medium-sized businesses. They offer limited liability protection to their members while allowing flexibility in terms of management and taxation options. Delaware LCS are governed by the Delaware Limited Liability Company Act, providing clear guidelines on various operational aspects such as management rights, member relations, and distributions. 3. Delaware Limited Partnership (LP): A Delaware LP is a type of partnership that consists of at least one general partner and one limited partner. The general partner has unlimited liability for the partnership's debts and obligations, while the limited partner's liability is limited to their investment. Delaware LPs offer flexibility, as the partnership agreement can be specifically tailored to meet the needs of the partners and investors. 4. Delaware Statutory Trust (DST): A Delaware Statutory Trust is commonly used in real estate investment scenarios. It provides a way for investors to pool their resources into a trust, which then holds and manages real estate assets. DST's offer limited liability protection to their beneficiaries, while the trust structure allows for tax advantages and flexibility in distributing income. 5. Delaware Series LLC: A Delaware Series LLC is a unique type of entity that allows for the creation of individual "series" within the LLC, each with its own assets, liabilities, and members. This structure provides a level of asset protection and segregation between series, allowing for greater flexibility in managing different investments or business ventures under one overarching entity. In conclusion, Delaware Related Entities encompass a range of legal structures such as Delaware Corporation, Delaware LLC, Delaware LP, DST, and Delaware Series LLC. Each entity type offers distinct benefits and features that cater to specific business needs, making Delaware an attractive destination for companies seeking a favorable legal environment to establish and operate their enterprises.
