Company co-invest operating agreement
So I've been offered the chance to co-invest in one of my company's real estate deals. I'm looking through the OA and it looks pretty intimidating (a lot of indemnification language). I was wondering if anyone here was familiar with some of this legalese (as either an attorney or someone who has been in my shoes before) and can help me understand the major implications of this agreement.
Edit: This is in California
This is probably more of a place to discuss the commercial points of these type of agreements, you should not take legal advice from the people here.
Hire a lawyer.
That being said, lets apply a little common sense. Your company doesn't need your coinvest dollars. The point is they want to offer you a lucrative opportunity as part of your employment. I find it very difficult to imagine that are interested in screwing you over, so all of that legalese is probably either boilerplate or exists because it is more applicable to other investors (e.g. the real LPs)
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