Jason Polevoy to Speak at ALI CLE Webinar "Real Estate Operating Agreements: Essential Tips for Negotiating and Drafting"

Jason Polevoy, partner in Seyfarth's Real Estate department, will serve as a speaker at ALI CLE's webinar, "Real Estate Operating Agreements: Essential Tips for Negotiating and Drafting," on June 27.

Behind every successful and long-term real estate joint venture is an effective operating agreement. Effective agreements shape governance, operations, and financial structures, leading to a long lasting and successful business arrangement. A poorly negotiated or drafted operating agreement has equal power and can unravel your deal before or after it is signed. Given the significance of operating agreements, each needs to be approached with finesse and with deal specifics as its focal point. Designed for real estate attorneys, investors, and industry participants, this course will show attendees how to negotiate and draft operating agreements that are music to clients’ ears.

Led by expert practitioners, this program offers a blend of insights and practical applications, equipping attendees with the knowledge and skills necessary to navigate the complexities of real estate transactions, including:

• How to create a workable governance arrangement that strikes the right balance between flexibility and control
• The who, how, when, and what of capital calls and contributions
• What to do when one partner doesn’t want to or cannot fund anymore
• Are you chasing buckets or waterfalls: Allocating the spoils of a successful deal
• Should I stay or should I go? Exit rights and restrictions
• Breaking up is hard to do: Best practices for avoiding relationship pitfalls, and creating appropriate dispute resolution mechanisms