FOA as POA

A Farm Out Agreement (FOA) is a particular type of asset sale and purchase agreement that lets the party farming-in acquire its equity in a Licence or project by funding its share of costs and the share of the Farmor.

The funding of the Farmor’s share is called a “carry”.

In this article, Uisdean looks at how a Farmor’s advisor can best protect his client’s interest if the Farmee fails to perform a vital contractual obligation.

If you have any questions or queries arising from this article, feel free to contact VassPetro directly.