Sprance Presents on Operating Agreements and Partnership Provisions

Ciara Sprance participated in a CLE webinar titled "Operating Agreements and Partnership Provisions: Capital Calls, Dilution, Removal, Breaches" on December 7, 2023.

Hosted by Strafford, the program addressed updates to operating and partnership agreements that corporate counsel may want to consider based on recent court decisions and state corporate statutory updates, including Delaware. The panel addressed updates and issues related to drafting or revising governance documents to meet business needs in times of economic uncertainty, including making capital calls, removing members, or taking other actions to address issues arising out of the current evolving economic environment.

Sprance focuses her practice on corporate and business transactions including the structure and use of Delaware business entities such as corporations, limited liability companies, limited and general partnerships and statutory and common law trusts. She also assists with the representation of lenders and borrowers in commercial real estate and other financing transactions and has worked on multiple commercial real estate acquisition and construction transactions, as well as commercial loan modifications. She provides third-party legal opinions concerning Delaware’s General Corporation Law, Delaware’s alternative entity statutes and the Delaware Uniform Commercial Code.

For more information, visit Strafford's website. 

About Potter Anderson

Potter Anderson & Corroon LLP is one of the largest and most highly regarded Delaware law firms, providing legal services to regional, national, and international clients. With more than 100 attorneys, the firm’s practice is centered on corporate law, corporate litigation, intellectual property, commercial litigation, bankruptcy, labor and employment, and real estate.