Oklahoma Management Agreement between The Wiser Oil Co. and Wiser Investment Co., LLC

• Category: Corporations - Public - Management
• State: Multi-State
• Control #: US-EG-9411
• Format: Word; Rich Text

Description

Management Agreement between The Wiser Oil Company and Wiser Investment Company, LLC regarding management services dated 00/00. 6 pages. The Oklahoma Management Agreement between The Wiser Oil Co. and Wiser Investment Co., LLC is an essential legal document that outlines the responsibilities and terms of the partnership between the two entities. This agreement provides a framework for managing the operations and assets related to oil and gas exploration, production, and investment in the state of Oklahoma. Key terms and provisions within this agreement include: 1. Purpose: This section generally explains the purpose and objectives of the partnership, emphasizing the efficient management of oil and gas assets. 2. Definitions: This section defines various terms used throughout the agreement, such as "parties," "assets," "operations," and "profits," to ensure clarity and consistency. 3. Management Authority: It outlines the authority and decision-making powers of Wiser Investment Co., LLC as the designated manager, allowing them to make operational, financial, and investment decisions on behalf of both parties. 4. Obligations of the Manager: This section details the responsibilities of the manager, such as overseeing day-to-day operations, implementing exploration and development plans, acquiring or divesting assets, budgeting, and reporting. 5. Obligations of The Wiser Oil Co.: This section outlines the responsibilities of The Wiser Oil Co., which typically includes providing necessary financial resources, cooperating in decision-making processes, and sharing relevant information and records. 6. Term and Termination: It specifies the duration of the agreement and the circumstances under which either party can terminate the agreement early. 7. Profit Distribution: This section determines how profits or losses from operations will be allocated between the parties and might include factors like initial investments, revenue share percentages, or specific formulas. 8. Confidentiality and Non-Disclosure: This clause ensures that both parties maintain the confidentiality of sensitive information and do not disclose any proprietary, financial, or technical details to third parties. While there might not be multiple types of Oklahoma Management Agreements specifically between The Wiser Oil Co. and Wiser Investment Co., LLC, the terms and clauses within the agreement can vary depending on the specific needs, objectives, and negotiated terms of the partnership. Therefore, the exact details and scope of the agreement may differ between different entities involved in the oil and gas industry in Oklahoma.

The Oklahoma Management Agreement between The Wiser Oil Co. and Wiser Investment Co., LLC is an essential legal document that outlines the responsibilities and terms of the partnership between the two entities. This agreement provides a framework for managing the operations and assets related to oil and gas exploration, production, and investment in the state of Oklahoma. Key terms and provisions within this agreement include: 1. Purpose: This section generally explains the purpose and objectives of the partnership, emphasizing the efficient management of oil and gas assets. 2. Definitions: This section defines various terms used throughout the agreement, such as "parties," "assets," "operations," and "profits," to ensure clarity and consistency. 3. Management Authority: It outlines the authority and decision-making powers of Wiser Investment Co., LLC as the designated manager, allowing them to make operational, financial, and investment decisions on behalf of both parties. 4. Obligations of the Manager: This section details the responsibilities of the manager, such as overseeing day-to-day operations, implementing exploration and development plans, acquiring or divesting assets, budgeting, and reporting. 5. Obligations of The Wiser Oil Co.: This section outlines the responsibilities of The Wiser Oil Co., which typically includes providing necessary financial resources, cooperating in decision-making processes, and sharing relevant information and records. 6. Term and Termination: It specifies the duration of the agreement and the circumstances under which either party can terminate the agreement early. 7. Profit Distribution: This section determines how profits or losses from operations will be allocated between the parties and might include factors like initial investments, revenue share percentages, or specific formulas. 8. Confidentiality and Non-Disclosure: This clause ensures that both parties maintain the confidentiality of sensitive information and do not disclose any proprietary, financial, or technical details to third parties. While there might not be multiple types of Oklahoma Management Agreements specifically between The Wiser Oil Co. and Wiser Investment Co., LLC, the terms and clauses within the agreement can vary depending on the specific needs, objectives, and negotiated terms of the partnership. Therefore, the exact details and scope of the agreement may differ between different entities involved in the oil and gas industry in Oklahoma.