Glossary of terms used on this site
There are 83 entries in this glossary.All
| Applicable Law:
All the laws of the native country which will rule the interpretation, validity and compliance of the Agreement. If after the effective date applicable laws change and thus jeopardize the future profits of the operating party, a compensation in the form of shares and/or crude oil and/or natural gas will be negotiated with the native party immediately and be in effect the soonest to secure the rights of the operating party at the time of the effective date. |
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