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What is the purpose of Sole Risk and Non Consent clauses in a Joint Operating Agrement?Are they compatible with the aims and functions of a joint venture?



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Author: okedgreat: Add as a Colleague
Posted: 11/11/2009  12:16:45 PM EST
Tags: Sole Risk Clause | Non Consent Clause | Aims and functions of a joint venture

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View Profiletommy.kubzik: Add as a ColleagueAdd as a Colleague
04/28/2013 8:28:07 AM EDT

SEG-Y format
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View Profilear_basitkhan@yahoo.co.uk: Add as a ColleagueAdd as a Colleague
11/16/2009 7:04:11 AM EST

Such clauses in JOA help clarify who will bear what costs if the operator or one of the JOA partners decides to undertake an activity where other partners do not wish to. It also defines T&Cs if related to non consent scenarios.
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