FOA as POA

Using A Farmout Agreement (or JOA) as a ‘Whacking Great’ Power of Attorney: Not so Easy in Practice

Farm Out Agreements (FOA) is a particular type of the asset sale and purchase agreement that lets the 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”.

The In this article, I look at the use of the issue of how a Farmor’s advisor can best protect his client’s interest, if the Farmee fails to perform a vital contractual obligation.

Any questions or queries that you may have arising from this article, feel free to contact VassPetro directly.

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