CARRIED Sample Clauses

The 'Carried' clause defines the arrangement in which one party, typically an investor or partner, covers certain costs or expenses on behalf of another party during a specific phase of a project or investment. In practice, this often means that one party pays for exploration or development costs, while the other party's share of those costs is deferred until a later stage, such as when the project becomes profitable. This clause is commonly used in joint ventures or resource development agreements to enable a less financially capable party to participate without immediate financial burden. Its core function is to facilitate collaboration by allowing one party to advance costs, thereby reducing barriers to entry and sharing risk.