Arkansas Exploration Agreement
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FAQ
EXPLORATION COMPANIES means those organisations, corporations, partnerships, trusts or other entities which have a contractual agreement between them to explore, lease or develop areas of interest and are not joining simply to acquire geophysical data for their individual use.
An exploration agreement is a contract that legally unites two interested parties toward a common goal or project contingent on certain terms. For example, two oil and gas companies might agree to work together to explore and develop a plot of land for natural resources.
