The agreements define the rights and obligations of each party as part of the joint action. Rights may include the use of trademarks and copyrighted material, as well as shared access to confidential information. Responsibilities may include the wearing of specific insurance policies, filing group decisions, respecting confidentiality agreements and working within a specific regulatory framework. For example, a joint venture between a recycling plant and a municipality may require the city to be entitled to a 5% share of urban waste profits and that the facility meets state regulatory standards for air pollution and waste management. Joint Enterprise Agreements (JOAs) are standard agreements recognized in the oil and gas industry. The fundamental objective of an JOA is to regulate the relations between the parties to the joint venture: the operator and non-operators. The first is responsible for carrying out the transactions on behalf of the consortium, while the second is responsible for the costs of the joint venture. The consortium`s main objective is to offer joint risk-sharing operations for such a venture. The JOA has generally moved to „define the respective rights and obligations of the parties with respect to JOA activities and activities, including the joint exploration, valuation, development, production and sale of petroleum products resulting from joint operations and their dismantling. The scope of the JOA is determined by a list of identified activities constituting joint operations and by a list of activities expressly removed from the definition of joint activities as „excluded activities“. This title examines the most complex provision of the JOA and explains everything that people working in the oil industry should know about exclusive operations and their consequences. It begins by explaining what exclusive transactions are, the reasons (including pros and cons) behind them and the parties for which they will be of interest. It carries out the most comprehensive practical analysis on the market, which has analysed more than 10 OTAs from all regions of the world, as well as historical models that are no longer available for consultation.