Dissolution Agreement Llc Template

Except as expressly provided in this Agreement, there are no conditions precedent for the effectiveness of this Agreement. When the LLC is terminated, the company agreement automatically terminates. CONSIDERATIONS To this end, the shareholders have entered into a partnership agreement (the “Partnership Agreement”) on the partnership (as defined below). If, for any reason, any provision of this Agreement is held to be invalid, illegal or in any capacity unenforceable, such invalidity, illegality or non-application shall not affect other provisions of this Agreement, but that Agreement shall be construed as if the invalid, illegal or unenforceable provisions would never have been contained in this Agreement, unless: the deletion of these provisions would entail such a substantial modification which would lead to the conclusion of the transactions. this Agreement has been considered inappropriate. Many states need the unanimous agreement of members to continue the operation after a dissolution event. In some cases, some members may force dissolution by refusing to give consent. .