Production Individualization Agreement Sample Clauses
A Production Individualization Agreement is a contractual clause that outlines the terms under which products or services are customized to meet the specific requirements of a particular client or project. This clause typically details the scope of customization, responsibilities of each party, timelines, and any additional costs associated with individualization. By clearly defining how and when production will be tailored, the clause ensures both parties have a mutual understanding of expectations, thereby reducing the risk of disputes and ensuring the final deliverables meet the agreed-upon specifications.
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Production Individualization Agreement. The procedure of Individualization of Production of Oil and Gas shall be started under the Applicable Laws and Regulations if it is identified that a Deposit extends beyond the Concession Area.
Production Individualization Agreement. The terms and conditions of the Production Individualization Agreement bind the Consortium Members and the Concessionaires, except for those granting prerogatives to PPSA due to its capacity of representative of the Contracting Party to the Agreement.
Production Individualization Agreement agreement signed between the rights holders of Exploration and Production, after the Declaration of Commerciality, for the unified Development and Production Stage of deposits that extend beyond the Concession Area, according to the procedures specified in the Applicable Legislation.