This form creates an Area of Mutual Interest ( AMI ) comprising the Contract Area. During the term of this AMI, if any Party acquires all or any interest in any Oil and Gas Leases, any mineral interest, or any farmouts or other contracts which affect lands and minerals lying within the AMI, the Acquiring Party shall promptly advise each of the other Parties of the acquisition, at which time each Offeree shall have the right to acquire its proportionate interest in the Oil and Gas Interest.
Washington Area of Mutual Interest
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Multi-State
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US-OG-695
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FAQ
?mutual interest?, refers to ?the industrial or economic relationship between. employer and employee? (Brassey The New Labour Law (1987) 246). Strikes fall under industrial action by employees and are also seen as an exercise of economic power by employees.
Examples of mutual interest Additionally, there was also a separate group, the members of which have a mutual interest in drugs and drug-related crime. All have a mutual interest in the electronic exchange of the full texts of documents.
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.