Put Right Clause
(Joint Venture Agreement)

Summary

This Put Right Clause may be included in a limited liability company operating agreement (also referred to as a joint venture agreement). The capitalized terms and section references used in this clause should be conformed to the relevant joint venture agreement. For a full listing of key content covering real estate joint ventures (90/10 ownership split), see Real Estate Joint Venture Resource Kit (90/10 Real Estate Joint Venture). See Limited Liability Company Operating Agreement (Real Estate Joint Venture) for additional clauses and definitions to be contained in a joint venture agreement.