This form creates an Area of Mutual Interest ( AMI ) comprising the Contract Area. During the term of this AMI, if any Party acquires all or any interest in any Oil and Gas Leases, any mineral interest, or any farmouts or other contracts which affect lands and minerals lying within the AMI, the Acquiring Party shall promptly advise each of the other Parties of the acquisition, at which time each Offeree shall have the right to acquire its proportionate interest in the Oil and Gas Interest.
Florida Area of Mutual Interest
Category:
State:
Multi-State
Control #:
US-OG-695
Format:
Word;
Rich Text
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FAQ
An area of mutual interest (AMI) contract describes the geographic area contained in the AMI, the rights of each party (such as the percentage interest allocated to each company), the agreement's term, and how contract provisions are to be implemented.
?mutual interest?, refers to ?the industrial or economic relationship between. employer and employee? (Brassey The New Labour Law (1987) 246). Strikes fall under industrial action by employees and are also seen as an exercise of economic power by employees.