Que Es El Joint Operating Agreement

Oil and gas companies that jointly carry out a joint mission of research, development and use of rental properties in clustered growing areas or in several regions must use a joint enterprise agreement as the underlying contractual framework of their joint venture. Overall, the parties to the JOA can be classified as such: the fact that its members maintain their identity and independence from it and from other partner companies is a distinguishing feature: there is no merger or absorption to implement them, unless it is one of the common obligations agreed between the parties. The joint venture may also intervene in the event that the venturer is only associated with the creation of a new product or the rationalization of an assembly line. It should be determined whether a joint venture involves only a strategic partnership between private companies or whether the concept can be applied to private companies in cooperation with national, provincial or local public organizations. If possible, the integration of private capital with public investment would bring incal characteristics to states, particularly where these joint actions take place in the field of science and technology. The two English words that make up the term joint venture literally mean “joint” or “union” or “company” or “company.” This extra-youth is not collected by the Dictionary of the Spanish Language of the Royal Spanish Academy, but it appears in specialized works, such as the dictionary of banking terms, with the meaning of “two companies that come together for a common affair”. It is often used in the specialized press. [2] Fundéu recommends replacing it with the concepts of joint venture, joint venture or joint venture. [3] The difference between a joint venture and a merger is that, in the case of the joint venture, companies A and B come together to form a C-company; There are now three companies; this phenomenon is identified as a registered business or joint venture. On the other hand, Company A merges with Company B (merger); After that, there is only the entity that comes from the merger. [5] A joint venture, a strategic alliance or a business alliance or consortium, also known as a Anglicism joint venture, is a kind of long-term joint venture agreement between two or more people (usually corporations or traders) called partners or partners.