Montgomery Maryland Area of Mutual Interest

State:
Multi-State
County:
Montgomery
Control #:
US-OG-695
Format:
Word; 
Rich Text
Instant download

Description

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.


The Montgomery Maryland Area of Mutual Interest is a designated region within Montgomery County, Maryland, that fosters collaboration and cooperation among various sectors to promote economic growth, innovation, and community development. This area serves as a hub for businesses, organizations, and individuals alike to unite their efforts and resources towards common goals and interests. Keywords: Montgomery Maryland, Area of Mutual Interest, collaboration, cooperation, economic growth, innovation, community development, businesses, organizations, common goals. There are several types of Montgomery Maryland Areas of Mutual Interest, each focusing on specific sectors or industries. These types include: 1. Montgomery Maryland Area of Mutual Interest for Technology and Innovation: This type is dedicated to promoting technological advancements, fostering innovation, and supporting the growth of technology-driven businesses and startups. It provides a platform for networking, knowledge-sharing, and collaboration among tech enthusiasts, entrepreneurs, and industry experts. 2. Montgomery Maryland Area of Mutual Interest for Healthcare and Life Sciences: This type concentrates on fostering collaboration and advancement in the healthcare and life sciences sectors. It brings together medical professionals, researchers, biotech companies, and other related organizations to drive medical breakthroughs, improve patient care, and promote innovation in the field. 3. Montgomery Maryland Area of Mutual Interest for Small Business and Entrepreneurship: This type focuses on supporting and nurturing small businesses and startups within the Montgomery Maryland region. It fosters an ecosystem where entrepreneurs can connect, share ideas, access resources, and receive mentoring to enhance their chances of success and contribution to the local economy. 4. Montgomery Maryland Area of Mutual Interest for Sustainable Development and Environmental Conservation: This type aims to promote sustainable initiatives, environmentally friendly practices, and conservation efforts within Montgomery County. It brings together organizations, government bodies, and individuals passionate about preserving the environment, driving renewable energy solutions, and implementing eco-friendly practices across various sectors. 5. Montgomery Maryland Area of Mutual Interest for Arts and Culture: This type revolves around promoting and preserving arts and culture in the Montgomery Maryland region. It serves as a platform for artists, performers, cultural organizations, and community members to collaborate, showcase their talent, and enhance the cultural vibrancy of the area. These different types of Montgomery Maryland Areas of Mutual Interest provide targeted platforms for collaboration, networking, and resource-sharing in specific sectors, fostering growth, development, and innovation within Montgomery County.

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FAQ

Definitions of mutual understanding. sympathy of each person for the other. synonyms: mutual affection. type of: sympathy. a relation of affinity or harmony between people; whatever affects one correspondingly affects the other.

An Area of Mutual Interest (AMI) Agreement is a contract between people or companies who want to jointly explore for oil and gas in a specific area during a given time. It is a common tool for sharing risks of development, along with the associated ownership and profits.

Adjective. You use mutual to describe something such as an interest which two or more people share. They do, however, share a mutual interest in design.

Adjective. You use mutual to describe something such as an interest which two or more people share. They do, however, share a mutual interest in design.

1 experienced or expressed by each of two or more people or groups about the other; reciprocal.

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.

Area of Mutual Interest or AMI shall mean an agreement between or among parties to a farm-out agreement or a joint operating agreement or other agreement by which the parties attempt to describe a geographical area within which they agree to share certain additional leases or other interests acquired by any of them

Definition of mutual 1a : directed by each toward the other or the others mutual affection. b : having the same feelings one for the other they had long been mutual enemies. c : shared in common enjoying their mutual hobby. d : joint to their mutual advantage.

More info

This examination report includes significant findings of fact, as mentioned in the Massachusetts. An AMI agreement binds the signatory parties to jointly explore for oil and gas in a defined geographic area for a specified period of time.We've partnered with Candid to survey organizations about their feedback practices. HCAP serves as the Indigent Health Care Program for Montgomery County. Case opinion for MD Court of Appeals MONTGOMERY MUTUAL INSURANCE COMPANY v. Future MBA Association has the meaning set out in paragraph 9.

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Montgomery Maryland Area of Mutual Interest