Who contributes, who decides, and how you exit.
Joint ventures, operating agreements and participation agreements turn on a few decisions: capital and contributions, control and consent, transfers and exit. Orelis keeps what you agreed to before, so the next partnership begins from it.
This is one of many kinds of deals Orelis covers. The same Index, Charter and Ledger run across every agreement your company signs, so each deal makes the next one better, whatever kind it is.
Positions like these, with who decided and why.
Capital
Initial contributions, capital calls, and what happens when a partner does not fund.
Control
The major decisions that need every partner's consent, and who holds the day to day.
Transfers
Lock-ups, rights of first refusal, and tag and drag rights.
Exit
Buy-sell terms, dissolution triggers, and the valuation method you have used before.
A joint operating agreement. The operator's draft raised the non-consent penalty; the Charter applies your standard, notes where the removal threshold departs from your last three agreements, and leaves the area of mutual interest for counsel.
Joint operating agreement: draft for attorney review
Open issues for counsel
- Non-consent penalty: operator proposed 400%; your standard of 300% applied
- Area of mutual interest: distance not provided, left blank, not guessed
- Operator removal: operator's draft requires 75% of non-operator interests; you have held at a majority on your last three agreements
Forward the deal. The work comes back.
Forward it
Your team forwards what it already sends and receives to your own Orelis address: the letter of intent, counsel's drafts, the markup. Setup is an address and a list of who may send to it.
Orelis reads it
Positions, concessions, counterparties and open points go into your Index. Each departure from your standard is labeled for your people to confirm.
The Charter comes back
On the next deal, counsel receives a draft built from your own history: your positions applied, open issues surfaced, missing facts left as marked blanks.
See your own deals the way Orelis sees them.
Become one of the companies that build alongside us and shape what the category can become.