JOA Clause Samples
The JOA, or Joint Operating Agreement, is a contract that governs the relationship between parties engaged in a joint venture, typically in the oil and gas industry. It outlines the rights and responsibilities of each participant, including how costs are shared, how decisions are made, and how operations are managed. For example, it may specify which party acts as the operator and how profits and liabilities are distributed among the partners. The core function of a JOA is to provide a clear framework for cooperation and risk allocation, ensuring that all parties understand their roles and obligations in the joint project.
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JOA. During the Interim Period, the Parties agree to negotiate in good faith and execute the JOA.
JOA. Attached hereto and made a part hereof as Exhibit “G” is a Joint Operating Agreement (“JOA”) covering the entirety of the Gridiron AMI and naming EXXI as Operator. Upon execution of this Agreement, the JOA shall be deemed to be in effect in all respects (including but not limited to the accounting procedures) except as to Prospects and as to the proposal and drilling of ▇▇▇▇▇ within Prospects which shall be governed by the terms and provisions of this Agreement and the separate, respective Prospect ▇▇▇▇ (as defined in 4.02 below) for each such Prospect.
JOA. Recovery and Participant hereby agree to terminate the JOA except for that Agreement Concerning Relationship of the Parties for Tax Purposes attached as Exhibit G to the JOA (“Tax Partnership”) shall remain in full force and effect for the purposes set forth in Section 4.
JOA. Tauren shall ensure that Cubic obtains and maintains all the same rights and privileges Tauren has contracted for with Fossil Operating, Inc., with respect to the Joint Operating Agreement covering the 8 SECTIONS and the AMI PROPERTY.
JOA. In the event of any conflict between the terms of this Agreement and those of the JOA attached as Exhibit D or any other Exhibits attached hereto, the terms of this Agreement shall prevail and control. If there is any conflict between the terms of this Agreement and the JOA attached as Exhibit D and any third party JOA, then the JOA attached as Exhibit D and this Agreement will prevail among the Parties hereto.
JOA. “Joint Operating Agreement for UKCS Licence ▇▇. ▇.▇▇▇ ▇▇▇▇▇ ▇▇/▇▇(▇▇▇▇▇)”
JOA. The interests of the Parties in the Leases, Mining Claims, as well as in any AMI Interest(s) will be subject to the terms of the JOA, to the extent that all or any portion of the Leases, Mining Claims, or AMI Interests is not subject to a third party operating agreement, or a unit operating agreement for a federal exploratory unit (each a “Third Party Agreement”). If any portion of the Lease(s), Mining Claim(s), or AMI Interest(s) which is(are) subject to a Third Party Agreement which lapses, expires, or otherwise terminates as to such Lease(s), Mining Claim(s), or AMI Interest(s), then such Lease(s), Mining Claim(s), or AMI Interest(s) shall be thereafter governed by the JOA to the maximum extent possible. In the event of a conflict between the terms of the JOA or this Agreement, the terms of this Agreement shall control.
JOA. This Agreement does not supersede any term or condition of the JOA or modify any existing right, responsibility, or remedy SPP or AECI may have under the JOA. Except as provided in this Agreement, the JOA shall control the implementation of this Agreement with regards to coordination of data exchange, additional transmission planning, scheduling on the Facilities, and other aspects of transmission operations contained in the JOA, and any matter not addressed herein shall be resolved by reference to the appropriate provisions, if any, of the JOA.
JOA. All Operations conducted with respect to the Contract Area shall be conducted pursuant to the terms of the JOA.
JOA. All portions of the interests assigned to Participants shall be subject to this Agreement and the JOA. In the event of any conflict between the terms of the JOA and the terms of this Agreement, the terms of this Agreement shall control as between SunFlower and Participants.