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Joint Operating Agreement
"Need a Joint Operating Agreement for a solar energy project in Singapore between tHRee companies, with our company as operator holding 45% interest, where operations are expected to commence in March 2025 and include specific provisions for technology sharing."
1. Parties: Identification and details of all participating entities
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used tHRoughout the agreement
4. Scope of Operations: Detailed description of joint operations and activities covered
5. Participating Interests: Percentage interests and ownership rights of each party
6. Operating Committee: Structure, voting rights, and decision-making processes
7. Operator Rights and Obligations: Responsibilities and authority of the designated operator
8. Financial and Accounting Procedures: Cost sharing, budgeting, and accounting principles
9. Default Provisions: Consequences and remedies for default by any party
10. Term and Termination: Duration and circumstances for termination
1. Environmental Compliance: Environmental obligations and standards - include when operations have environmental impact
2. Health and Safety: HSE standards and procedures - include for operations involving physical activities or hazards
3. Force Majeure: Provisions for unforeseen circumstances - include when operations are susceptible to external disruptions
4. Insurance: Insurance requirements and obligations - include when significant operational risks exist
1. Operating Procedures: Detailed procedures for day-to-day operations
2. Accounting Procedure: Detailed financial and accounting protocols
3. Area of Operations: Maps and descriptions of operational area
4. Initial Work Program and Budget: First-year operational plans and budgets
5. HSE Standards: Detailed health, safety, and environmental standards
6. Insurance Requirements: Detailed insurance specifications and requirements
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