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1. Parties: Identification of all parties entering into the pooling arrangement
2. Background: Context of the agreement and purpose of the pooling arrangement
3. Definitions and Interpretation: Definitions of key terms and interpretation rules
4. Pool Participation: Details of what each party contributes to the pool and their respective interests
5. Management of the Pool: Structure and procedures for managing the pooled resources
6. Allocation of Revenues and Expenses: Methods for distributing revenues and sharing costs among participants
7. Operating Procedures: Day-to-day operational procedures and decision-making processes
8. Accounting and Records: Requirements for maintaining financial records and accounting procedures
9. Representations and Warranties: Standard representations and warranties from all parties
10. Term and Termination: Duration of the agreement and circumstances for termination
11. Confidentiality: Protection of confidential information shared within the pool
12. Dispute Resolution: Procedures for resolving disputes between pool participants
13. General Provisions: Standard boilerplate clauses including notices, amendments, governing law
1. Competition Compliance: Specific provisions ensuring compliance with competition laws, necessary when pooling arrangement could raise antitrust concerns
2. Insurance: Insurance requirements and cost sharing, relevant when pooled assets require specific insurance coverage
3. Intellectual Property Rights: IP provisions when pooled resources include intellectual property
4. Transfer of Interests: Rules regarding transfer of pool interests, needed when transfers are anticipated
5. Force Majeure: Provisions for handling unforeseen circumstances, particularly relevant for operational pools
6. Environmental Compliance: Environmental obligations when pooling involves physical assets or resources
7. Security Arrangements: Security provisions when pooled assets require specific security measures
1. Schedule 1 - Pool Assets: Detailed list and description of all assets contributed to the pool
2. Schedule 2 - Participation Interests: Detailed breakdown of each party's participation percentage and contribution value
3. Schedule 3 - Operating Procedures: Detailed operational procedures and protocols
4. Schedule 4 - Accounting Procedures: Detailed accounting methods and procedures
5. Schedule 5 - Management Committee Rules: Rules and procedures for the pool management committee
6. Schedule 6 - Allocation Methods: Detailed methodology for calculating revenue and expense allocations
7. Appendix A - Required Notices and Forms: Standard forms and notices used in pool operations
8. Appendix B - Technical Standards: Technical specifications and standards for pool operations
Oil and Gas
Manufacturing
Logistics and Transportation
Agriculture
Mining
Real Estate
Financial Services
Technology
Telecommunications
Maritime
Legal
Operations
Finance
Compliance
Risk Management
Commercial
Business Development
Project Management
Asset Management
Executive Leadership
Chief Executive Officer
Chief Operating Officer
Chief Financial Officer
Legal Counsel
Operations Manager
Commercial Director
Risk Manager
Compliance Officer
Business Development Manager
Asset Manager
Contract Administrator
Project Manager
Finance Director
Managing Director
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