Brewery Operating Agreement

Even if a buy-back price is reasonably set, the buyer – the other owners or the business – must be able to pay it. Insofar as the ownership agreement does not contain specific conditions for the date and source of payment of the purchase price, the owners or the company may be legally obliged to immediately pay the full amount from resources. This debt obligation could cripple the business or the remaining owners. The sole business of the company is to acquire the business assets (the “Store”) of Lincoln Street Station (the “Seller”) and leases in 114 to 118 East Bay Street, South Harbor, MI, and to build and operate a restaurant and brewery (the “Brew-Pub”) called Harbor Brewing Company. Mark Olson – Brewery Manager is an executive member and treasurer of OBS. First, think about the structure of your final game rules. For example, a common provision in these agreements requires that the interest of a member or shareholder can automatically pass to a spouse or parent after death or disability.. . .

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