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.
Description: Dallas Texas Area of Mutual Interest (AMI) refers to a specific area in Dallas, Texas, where multiple parties or entities share a common interest or objective. The AMI can be either geographically defined or industry-specific, fostering collaboration and synergy among individuals, organizations, and communities. One type of Dallas Texas Area of Mutual Interest is the Downtown Dallas Arts District AMI. This area encompasses numerous art galleries, museums, and cultural institutions that collaborate to promote arts, encourage creativity, and attract visitors. It is a hub for artists, art lovers, and those interested in cultural events. Another prominent AMI in Dallas is the Technology and Innovation District. This area is home to various technology companies, start-ups, research institutions, and innovation centers, all fostering advancements in technology and entrepreneurship. It acts as a catalyst for collaboration, knowledge-sharing, and economic growth within the technology sector. Additionally, Dallas has an AMI focused on sustainability and environmental initiatives. This area emphasizes conservation, green practices, and sustainable development. It brings together businesses, governmental bodies, and non-profit organizations committed to enhancing the environmental well-being of the region and promoting eco-friendly practices. Furthermore, there is a growing AMI in Dallas revolving around healthcare and medical research. This area encompasses leading hospitals, research facilities, and medical schools that collaborate to improve healthcare services, drive medical innovation, and attract top-notch healthcare professionals. It serves as a platform for knowledge exchange, medical breakthroughs, and advancements in patient care. The Dallas Texas Area of Mutual Interest concept extends beyond these examples, covering diverse fields such as sports, education, entertainment, and more. Each AMI fosters collaboration, knowledge exchange, and networking opportunities, creating a stronger and more vibrant Dallas community.
