Oklahoma Area of Mutual Interest Agreement
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FAQ
Related to Mutual Agreement in Writing Mutual Agreement Nothing in this Agreement is intended to limit the Parties' ability to mutually agree upon taking a course of action different than that provided for herein; provided that doing so will not adversely affect any other Parties' rights under this Agreement.
An area of mutual interest (AMI) contract describes the geographic area contained in the AMI, the rights of each party (such as the percentage interest allocated to each company), the agreement's term, and how contract provisions are to be implemented.
A mutual services agreement is a legal document that sets out the terms and conditions of an arrangement between two companies in which they agree to provide each other with certain products or services. This can be done on either a temporary or permanent basis.
Area of Mutual Interest (AMI): a geographic area generally defined by a contract (e.g., Farmout, JOA, JDA or similar agreement) within which two or more persons hold an interest.