Business Management. 1. The managers must manage the company’s business carefully and conscientiously according to the stipulations of the law and the partnership agreement. They must respect instructions given as per the partners’ resolutions. 2. Any measures beyond the regular business operation of the enterprise may only be performed by one of the managers based on a partners’ resolution. A partners’ resolution can set forth the measures requiring consent in detail. 3. Subject to an extraordinary partners’ resolution and subject to stricter legal regulations, the following business management measures always require the consent of both partners:
Appears in 4 contracts
Samples: License Agreement (Global Energy Inc), License Agreement (Global Energy Inc), License Agreement (Global Energy Inc)
