Oklahoma Purpose and Procedural Format (OPP) is a legal document used to formalize an arrangement between two or more parties, usually in the context of a business transaction. The document outlines the objective of the agreement, the process of how the parties will achieve that objective, and the terms and conditions that govern the relationship between them. The OPP is used in a variety of contexts, such as contracts, corporate mergers, and financial matters. The purpose of the OPP is to provide legal clarity to the parties involved, outlining the parameters of the agreement. It also serves to protect the interests of all parties by ensuring that everyone is aware of their legal rights and obligations. The OPP also facilitates dispute resolution by providing a clear legal framework for handling disagreements. The OPP typically includes the following elements: background information, purpose of the agreement, scope of the agreement, responsibilities and obligations of each party, duration of the agreement, governing law, dispute resolution, and signatures. There are two main types of Oklahoma Purpose and Procedural Format: a standard contract format and a customized contract format. The standard format is a boilerplate document that can be used for most types of agreements, while a customized format is tailored to the specific needs of the parties involved. In addition to the two main types of OPP, there are also specialized formats for certain industries and transactions, such as those involving real estate or mergers and acquisitions. The specialized formats are designed to address the unique needs of the parties involved.