This question was closed without grading. Reason: Errant question
Aug 21, 2022 16:29
1 yr ago
27 viewers *
English term
give either notice
English to French
Law/Patents
Law: Contract(s)
Dear fellow translators,
This is part of a LLC Operating Agreement, in the situation of a deadlock buyout, in the situation a Member believes that there is a Deadlock has delivered to the other
Members a Deadlock Notice.
"If the Responding Members do not effectively give either notice, then the Responding Members shall be deemed to have elected to sell their rights and interests in the Company to the Initiating Member at such purchase price."
This is part of a LLC Operating Agreement, in the situation of a deadlock buyout, in the situation a Member believes that there is a Deadlock has delivered to the other
Members a Deadlock Notice.
"If the Responding Members do not effectively give either notice, then the Responding Members shall be deemed to have elected to sell their rights and interests in the Company to the Initiating Member at such purchase price."
Discussion
Indeed, AllegroTrans, you are perfectly right. Two types of notices are implied (buying OR selling). Thanks to your comment and a strong coffee, I ordered my thoughts. Thank you for your help ;-)