IN BRIEF.OPERATING AGREEMENT An operating agreement is an agreement among limited liability company ("LLC") members governing the LLC's business, and Member's financial and management rights and duties. No state requires an LLC to have an Operating agreement. : Chatsworth-based SATTEL SATTEL Satellite Telemetry Global Networks Inc. has signed a 10-year, $75 million joint operating agreement Any contract, agreement, Joint Venture, or other arrangement entered into by two or more businesses in which the operations and the physical facilities of a failing business are merged, although each business retains its status as a separate entity in terms of profits and with OPTEL, S.A., of Guatemala to provide satellite services to key communities there. Under the agreement both companies will jointly implement and operate OPTEL's expanded rural satellite network that will serve up to 1,000 locations throughout the country. - Daily News |
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