Common use of ASSOCIATION CONTRACT Clause in Contracts

ASSOCIATION CONTRACT. 18.1 Simultaneously with the signing of this Petroleum Agreement, ONHYM and CONTRACTOR GROUP shall sign an Association Contract in order to: 18.1.1 Establish the appropriate procedures to enable the Parties to perform jointly successful Exploration Works and Development and Exploitation Works as specified in this Agreement relating to the Area of Interest; 18.1.2 Establish the necessary procedures to secure an orderly conduct of joint operations and to govern relations between the Parties; and, 18.1.3 Define and set forth the rights and obligations of each of the Parties.

ASSOCIATION CONTRACT. 18.1 Simultaneously with the signing of this Petroleum Agreement, ONHYM and CONTRACTOR GROUP Contractor Group shall sign an Association Contract in order to: 18.1.1 Establish the appropriate procedures to enable the Parties to perform jointly successful Exploration Works and Development and Exploitation Works as specified in this Agreement relating to the Area of Interest; 18.1.2 Establish the necessary procedures to secure an orderly conduct of joint operations and to govern relations between the Parties; and, 18.1.3 Define and set forth the rights and obligations of each of the Parties.