Legal Question in Business Law in Delaware

Generally speaking, the terms of a restricted unit agreement between one member does not necessirly impute to the agreements of other members of the LLC. With that said, however, the other members may have the power to reject such an agreement if authorized so by the operating agreement of the LLC and / or by the restrict unit agreements of the other members.

The bottom line is that the operating agreement would need to be reviewed to have an understanding whether the LLC was authorize to issue the agreement at issue.

Such a review is not costly and should only take a couple of hours (this would include a consultation). Contact me directly.

Roman R. Fichman, Esq.

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