Court Of Chancery Interprets Exculpation Clause In LLC Agreement

Posted on February 24, 2010 by Edward M. McNally

Kelly v. Blum, C.A. 4516-VCP (February 24, 2010)

It is well known that an LLC agreement may limit the right to sue for breaches of fiduciary duty. What is less well thought out is what language needs to be used to do so. This decision tells you what to say if you want to limit liability.

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