OPERATION AGREEMENT, within an LLC, is similar to the constitution of a corporation. It is drafted primarily because an LLC only has a basic Articles of Organization that is very general in nature. An Operation Agreement has much more specificity as to the formation and operation of the LLC organization.
CALL OPTION is the right to buy a security within a fixed period of time at a fixed price.
MISCELLANEOUS is a grouping consisting of a haphazard assortment of different kinds.
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