South Dakota Disclaimer of All Rights Under Operating Agreement by Successor to Party to Agreement A South Dakota Disclaimer of All Rights Under Operating Agreement by Successor to Party to Agreement is a legally binding document executed by a successor to a party to an operating agreement, relinquishing any rights and obligations under the agreement. This disclaimer is commonly used in business transactions when a successor or assignee does not want to be bound by the terms and conditions of an existing operating agreement. There are two types of South Dakota Disclaimer of All Rights Under Operating Agreement by Successor to Party to Agreement: 1. General South Dakota Disclaimer of All Rights Under Operating Agreement: This type of disclaimer is used by a successor to completely renounce all rights, benefits, and privileges granted to them through the operating agreement. By signing this document, the successor becomes free from any liability, responsibility, or involvement in the operations and management of the business as outlined in the original agreement. 2. Partial South Dakota Disclaimer of All Rights Under Operating Agreement: In some cases, a successor may not wish to completely disclaim all rights and obligations. Instead, they may choose to disclaim only specific rights or certain sections of the operating agreement. This type of disclaimer allows the successor to maintain some control and involvement while still relinquishing certain identified rights or responsibilities. Keywords: South Dakota, Disclaimer of All Rights, Operating Agreement, Successor, Party to Agreement, business transactions, assignee, terms and conditions, rights, obligations, liability, management, benefits, privileges, operations, responsibilities, control. Please note that this description provides a general overview and should not be considered as legal advice. It is recommended to consult with a qualified attorney for specific guidance and drafting of legal documents.