Case Law Summaries

Delaware – LLC Agreement

DelawareComposecure, LLC v. Cardux, LLC, No. 177, 2018, decided 11/7/18. The Delaware Supreme Court ruled that violation of an LLC agreement clause requiring certain consents for conflict transactions rendered a contract voidable, and not void, and therefore subject to equitable defenses such as ratification. However the court remanded to determine if the contract violated a different clause which would render the contract void.

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