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DOCUMENT TITLE:
JOINT DEVELOPMENT AGREEMENT
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Here are the clause headings in the document. To view the clause, click the clause heading.To view the full document, click the "View Document" button.
Clause Heading
ARTICLE 1 - INTERPRETATION
Section 2.2 - Payment Procedure.
Section 2.3 - Development Costs.
Section 3.1 - Scope.
Section 3.2 - Participating Interests.
Section 3.3 - Operations Subject to Laws, Leases and Operating Agreement.
Section 3.4 - Operating Agreements.
Section 3.5 - Appointment and Removal of Party Operator.
Section 3.6 - Joint Development Operator.
Section 3.7 - Liability of Operator.
Section 3.8 - Secondees.
Section 3.9 - Non-Solicitation of Joint Operator Employees.
Section 3.10 - Certain Reports.
Section 3.11 - Insurance.
Section 3.12 - Reimbursement of Joint Development Operator and Party Operators for Technical Services; Overhead.
ARTICLE 4 - OPERATING COMMITTEE; DEVELOPMENT WORK PROGRAM;
Section 4.1 - Operating Committee.
Section 4.2 - Development Work Program.
Section 4.3 - Initial Annual Work Plan and Budgets.
Section 4.4 - Subsequent Annual Work Plan and Budgets.
Section 4.5 - Statements of Estimated Expenditures.
Section 4.6 - AFEs.
Section 4.7 - Contract Awards.
Section 4.8 - Area-Wide Operations.
Section 4.9 - Third Party Operators.
Section 4.10 - HSSE.
Section 4.11 - Conflict of Interest Policy.
Section 5.1 - Default.
Section 5.2 - Certain Consequences of Default.
Section 5.3 - Right to Costs of Enforcement.
Section 5.4 - Cumulative and Additional Remedies.
Section 5.5 - Reassignment Obligation.
Section 6.1 - Maintenance of Uniform Interest; Minimum Participating Interest; Transfers by Defaulting Parties.
Section 6.3 - Liability of Transferor/Transferee.
Section 7.1 - Certain Transfers during Initial Three Year Period.
Section 7.2 - Other Transfers.
Section 7.3 - Additional Consent Requirements.
Section 7.4 - Consents for Transfer of Joint Development or Party Operatorship.
Section 8.1 - Preferential Right to Purchase.
Section 8.2 - Changes in Control.
Section 9.1 - Creation of Area of Mutual Interest.
Section 9.2 - Area of Mutual Interest Procedures.
Section 9.3 - Payment of Certain Rentals.
Section 10.1 - Tax Partnership.
Section 10.2 - Tax Information.
Section 10.3 - Responsibility for Taxes.
ARTICLE 11 - TERM
ARTICLE 12 - RELATIONSHIP OF THE PARTIES
Section 13.1 - Governing Law.
Section 13.2 - Dispute Resolution.
Section 13.3 - Expert Proceedings.
Section 14.1 - Counterparts.
Section 14.2 - Notices.
Section 14.3 - Expenses.
Section 14.4 - Waivers; Rights Cumulative.
Section 14.5 - Entire Agreement; Conflicts.
Section 14.6 - Amendment.
Section 14.7 - Parties in Interest.
Section 14.8 - Successors and Permitted Assigns.
Section 14.9 - Confidentiality.
Section 14.10 - Publicity.
Section 14.11 - Preparation of Agreement.
Section 14.13 - Severability.
Section 14.14 - Non-Compensatory Damages.
Section 14.15 - Excluded Assets.