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Caught Between Industries

Oil And Gas Lease Purchase Agreement

Many purchase and sale contracts also imply that all disputes must be adjudicated by an external arbitrator or judged by a judge. The last major part of any contract to buy and sell mineral rights is the “conclusion”. The provisions on the financial statements generally determine the type of conclusion, which bears the closing costs, the obligations after the conclusion and what happens if the contract is not concluded. Some purchase and sale agreements contain a much broader version of the Mother Hubbard clause, which could be better characterized as a catch-all clause. These clauses usually say something like this: a “severance pay provision” provides that if a court finds that part of the sales contract is invalid for any reason, the court should separate that provision, but otherwise enforce the contract. Similarly, if the contract of sale provides for a review, the court should attempt to revise the contract. In other words, if something goes wrong with the agreement, the court should try to correct it instead of destroying the entire contract of purchase and sale. Under the final provisions (or elsewhere), a contract for the purchase and sale of mineral rights generally indicates whether a particular performance is a remedy. Concrete performance is a means used almost exclusively in the context of real estate contracts. It essentially states that one party can compel the other to enter into the contract (instead of simply paying damages for an infringement). Therefore, if a contract stipulates that a given performance is a remedy, the buyer may apply to a court to compel the seller to perform the contract by sale at the agreed purchase price. The “global agreement” provision states that the written agreement is the entire agreement. The main point of this provision is to ensure that the seller does not rely on the prior assurances, oral or written, of the buyer or his representatives.

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Notional Agreement In Linguistic

Also note the concordance that is shown to be even in the subjunctive atmosphere. But the fictitious deal goes beyond these two scenarios. There are also words like “political.” The phrases “Politics is a hard job” and “Politics is a hot topic” show that the over-conformity of the verb depends on whether the word is a singular or a plural. Compared to English, Latin is an example of a very volatile language. The consequences for concordance are therefore: formal concordance means that a verb is the singular or plural depending on the grammatical form of its subject. Fictional correspondence means that a verb is singular or plural, depending on whether its subject is understood as a thing or a lot. Compare these examples: Fictional convergence, as people explain at Merriam, refers to any number of situations where a subject and a verb do not have the simple relationship we usually see. You know how the verb in “One Cat Sleeps” and “Two Cats Sleep” differ slightly. Other examples of fictitious conventions for collective names include some uses of the word team and none. In substantive sentences, adjectives do not correspond to the noun, although pronouns do. z.B. a szép könyveitekkel “with your beautiful books” (“szép”): the suffixes of the plural, the possessive “tone” and the uppercase /lowercase “with” are marked only on the noun.

Fictional correspondence, sometimes also called concorde or fictional synese, means that the rules of subject-verb conformity are applied according to the intended meaning and not according to the syntax. Thus, we can couple a singular noun with a plural verblage or plural with a singular verb, if the intended meaning requires it: I would have liked to think about the question. This is an excellent illustration of an interesting feature in the English language. But in fact, this example was stolen in a fairly excellent article recently published online by the people of Merriam-Webster. The subject: fictitious agreement. Although the fictitious correspondence is more often used in British English than in American English, a certain amount is natural in each variety of English. American style guides, for example, give advice on fictitious suitability for phrases like a certain number of, many, and a sum of. The AMA Manual of Style says:[3] “The number is singular and a number of plurals” [3] (therefore, the number of mosquitoes is increasing, but a number of brands of mosquito repellent products are available) and “The same goes for the total number and a sum of[3] (the total number of volunteers has increased, but a total of 28 volunteers applied [no *a]). It is the same concept that is covered by the Chicago style (16th edition) at “5.9 mass noun followed by a prepositional sentence”[4], but not all relevant nouns (including the “number”) are mass substanators. Some common cases of fictitious agreement include (1) collective names (e.g.

B “family”); (2) pluralistic quantity expressions (“five years”); (3) plural names (“United States”); and (4) a few units composed with and (“Bed and Breakfast”). At the beginning of English, there was concordance for the second person singular of all verbs in the present tense, as well as in the past of some common verbs. It was usually in the form -est, but -st and t also occurred. Note that this does not affect terminations for other people and numbers. If you haven`t heard of a fictitious deal yet, it may be partly my fault. .

Non Compete Agreement Intangible Asset Aspe

Once the acquired intangible assets have been identified and the IRR is determined, the next step will be to assess the identifiable intangible assets. For the valuation of intangible assets, there are three generally accepted approaches: while we believe that the current practice of identifying and appraising acquired assets and liabilities should remain unchanged in accordance with Topic 805, we support two changes to the current impairment model, which would further reduce costs and complexity. The first change is to request a value assessment only when a triggering event has occurred. The second amendment is to carry out the goodwill test for the segments subject to declaration and not for the reporting units. The Financial Accounting Standards Board (FASB) adopted, on 9 July 2019, an invitation to comment (ITC) was extended to users, creators and practitioners to collect information on identifiable intangible assets acquired as part of a business combination and then to recognise business assets or on state-owned enterprises. ITC focuses on two themes: non-compete forecast after-tax cash flows Are part of intangible assets acquired in business combinations: in accordance with ifrs 3 and ASPE 1582 requirements, existing assets and liabilities acquired in a business combination must be recognised at fair value at the date of acquisition. The examples are: Step 2: Adjust the losses found in step 1 according to the probability that the seller will compete without a non-competitive agreement. We also note that where client-related intangible assets are not the primary intangible asset of a business combination, these assets should often be considered contributory assets that support intangible assets generating primary income. Although client-related intangible assets are the primary intangible asset, we are often asked to determine their fair values to support WarA (Weighted Average Return on Asset) analyses and excess profit analyses, in order to assess the adequacy of royalties or other inputs for valuation methods used for other intangible assets.

Any consideration that is not allocated to the fair value of assets (including identifiable intangible assets) and liabilities is attributed to good business or good business. The adequacy of the overall conclusion and the quantum of the goods can be assessed by analysing the weighted average return on investment (WARA). This analysis compares the estimated returns of all assets (excluding goods) and liabilities acquired with the IF of the acquisition with the implicit return difference on the good. This implicit return on the good is then verified according to the return on the other assets and liabilities acquired. Income approach The income approach is the most widely used technique for valuing intangible assets. The performance approach measures the value of an asset as the present value of the future economic benefits to be realized over the life of the asset. These benefits may include revenue, cost savings, and revenue from sales. The application of the earnings approach includes estimating the expected cash flows attributable to the asset over its lifetime and converting these cash flows into present value at a discount.

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New Mexico State Price Agreement

Telecommunications Services – NMSU`s domestic (remote) purchases can be made on the basis of competitive price agreements. In addition to bids or tenders issued by the university, NMSU has the legal opportunity to acquire government agencies under agreements entered into by other New Mexico government agencies, similar government agencies, and purchasing cooperatives that expressly allow other institutions (such as NMSU) to rely on their agreements. You can find agreements on hotel prices here: purchasing.nmsu.edu/hotels/. The companies listed below have agreements in which university purchases can be made. Not all agreements listed by these companies are available to NMSU. A buyer of Procurement Services can decide if this is a pricing agreement that the university can rely on. The list below is not exhaustive, but it contains a large number of companies whose pricing agreements are most frequently used by NMSU. (This list is subject to change without notice.) The table below shows New Mexico State University`s current pricing agreements for goods and services. Purchases under $3000 under the NMSU pricing agreements listed below can be made with a PCard. Please check the table regularly, as this list is subject to frequent changes.

If the total purchase is $3,000 or more, please enter a banner order request so that a Procurement Services buyer can assist with the purchase. To browse this site, press Ctrl and F or click “Search” on the Edit menu, then enter the first two digits and the last five digits of the contract number. You can also search for a word. Below are agileAssets` New Mexico General Services Department`s national pricing agreements. For more information on this program, visit the website of the New Mexico General Services Department Statewide Price Agreements. . . .

My Irs Payment Agreement

Taxpayers with debt have always had the opportunity to seek help through payment plans and other IRS tools, but the new IRS Taxpayer Relief Initiative expands these existing tools even further. If you have additional balances that are not shown on line 5, read the amount here (even if they are included in an existing tempe contract). Any adjustment or other fee which is not indicated in a declaration or notification must appear on this line. Offer in compromise – Some taxpayers qualify to pay their tax bill for less than the amount they owe by filing a compromise offer. To determine permission, use the Offer tool in Compromise Pre-Qualifier. Today, the IRS offers additional flexibility to some taxpayers who are temporarily unable to meet the terms of payment of an offer accepted in compromis. Before you can consider your payment plan request, you must be informed of all reporting and payment requirements. Taxpayers in open insolvency proceedings are generally not eligible. You must indicate the amount you can pay and the day of the month. You should base your monthly payment on your ability to pay and this should be an amount you can pay each month to avoid default. Your payment date can be any day from the first to the 28th.

The IRS expects it to receive your payment On the date you indicated, so be sure to spread the shipping time (10 days) into the date you chose. Typically, the IRS will respond to your request within 30 days to let you know if it authorizes, denies, or needs additional information. The amount of the Shared Responsibility Payment (SRP) you owe is the expected payment if you do not have minimum health insurance for you and, if applicable, your loved ones in accordance with Section 5000A. The PRS will only be evaluated in months starting December 31, 2018. But even after that date, you can continue to owe SRP assessments for months that started before December 31, 2018. The amount of the SRP you owe is not subject to any penalty, nor to the notification of the Federal Tax Instruction (NFTL) or tax enforcement measures. However, interest continues to be payable until you pay the full balance of the PRS due. We may apply your federal tax refunds to the amount of PRS you owe until it is paid in full.

View your account information securely online, including the amount due and your payment history. If you can pay the full amount due within 120 days, you can avoid paying the fee for setting up a phased contract. You can request a short-term payment plan if you can pay in full within 120 days using the OPA app under IRS.gov/OPA or by calling the IRS at 800-829-1040. Businesses that owe $25,000 or less in the current and previous calendar year and can pay what they owe in 24 monthly payments or less, also qualify for using the online application. Your specific tax situation determines the payment options available to you. Payment options include a full payment, a short-term payment plan (payment in 120 days or less) or a long-term payment plan (instalment payment contract) (payment in more than 120 days). We`ve added text that specifies when the IRS can terminate the instalment payment agreement. See What happens if the taxpayer does not subsequently comply with the terms of the instalment payment agreement.

The IRS will not approve your instalment payment contract if you have not yet filed all your tax returns. You must be up to date before you can request a monthly payment plan. If we approve your payment plan, one of the following fees will be added to your tax bill. If you owe a $25,000 credit, you must make automatic payments from your checking account (direct debit). If you are an individual contractor or an independent contractor, you apply for a payment plan as an individual….

Month To Month Rental Agreement Montana

A tenant`s rights and obligations are set out in the Rental Agreement and the Montana Residential Landlord and Tenant Act. This law contains certain requirements that apply regardless of what is written in the rental agreement. In accordance with article 70-16-703, a language is required in all rental contracts or this form must be attached to recognize that the lessor has no prior information on mold present on the site. Certain provisions that are not legal or enforceable may appear in your rental agreement or lease. Illegal provisions include all provisions: before signing a lease, a tenant should know that a Montana Month to Month Lease Agreement is a special type of housing rental agreement that ends at the end of each month and extends when rent is paid. This gives the lease a degree of flexibility that long-term leases lack, as it can be changed or terminated much more easily than a one-year lease. Step 4 – Fill in the first two fields under “Leasing payments”, the first empty with the monthly rental amount. Then enter on the third blank the address where the rent is to be received. Note needed – If something needs to be repaired in the rental unit, the first step is for the tenant to respond to the problem in writing to the landlord or the person who is collecting the rent. The denunciation must contain the following elements: these statutes require a period of thirty days, which is issued in writing by the party dismissing the remaining party.

In addition, it must have been received at least thirty days before the desired termination date. I hope that this will help the rest of the party to avoid considerable difficulties and possible personal or financial disasters. Of course, this is also a reflection that serves as a positive way to denounce an agreement. This is almost always desirable. Rent increase (§ 70-24-311) – Montana law does not specify the extent to which a landlord can increase rental fees. However, a lessor may modify the lease at any time by providing the tenant with seven (7) days in advance for a weekday lease or thirty (30) days for a monthly lease. Rental Options – For conditions affecting the tenant`s health and safety, the tenant may inform the landlord that repairs must take place within 14 days, or the tenant may terminate the lease upon the expiration of 30 days. If the landlord does not carry out the repairs within 14 days and the repair costs are less than one month`s rent, the tenant can either: A landlord must return a tenant`s deposit within 10 days of the rent check, if there is no damage, no more cleaning and no unpaid rent or incidentals…

Mhs Homes Tenancy Agreement

Every year, mhs homes produces an annual report to show everyone how they evolved last year…

Materi Subject And Verb Agreement

If there are expressions of quantity (all, most or some) followed by a preposition of “by”, then the subject can be singular or plural, depending on the noun according to the preposition. Okay, great. How is the material? This is the complete explanation of the correspondence of the subject. Keep learning and keep going. I hope that this material can broaden the knowledge of all of us. →The practice of agreeing to submit subjects Similarly, the rules are multiplied verbally in the following sentences (sentences containing verbs). If the theme is unique, then the verb plus -s or -it allows you to watch the explanation or any other English material on Cakap`s Youtube channel. If you want to better understand the rules of grammar in English, we learn English in Cakap! Description: Although we understand that there are many people who read books in the library, the word “everyone” is singular and requires a singular verb which is reading. Like friends, it is easy to explain the subject – on the note in English.

Of course, because you understand now, you will be smoother in choosing the right verb to complete a sentence. I finished the article this time, happy to learn for all of you and happy daily rehearsal to my sister-in-law. Good bye. The child plays dragons. Child: Small Child (Singular) Plays: Play (Singularverb) The subject-verb correspondence material is actually quite easy to understand, but the differences in subject form will baffle you. For this, we will fully discuss the subject-verb agreement rules in this document, as indicated by WritingExplained. Look at the material below. What do you mean by singular subject? The singular subject means a single subject, which here means that the subject in the sentence is only one person. But remember that what is considered a singular subject is a subject that belongs only to the third person (including the pronoun), so that “me” and “you” are not included in the singular subscular. The following is included in the singular: Amanda, Kurnia, you, Him, He, The Cat, The Building and so on.

Here is an explanation and some examples of subject-verb agreements. [subject = fat; Verb, link = italics; Auxiliary value = underline] If there is an auxiliary/auxiliary abrège, the auxiliary is modified, while the main distribution is available in the form of the base part, the present (-ing) or the past (verb-3). The choice of the auxiliary in its plural form-are, were-were, do-and have. For Hat-Have in particular, compliance does not apply when the word is a second auxiliary word or is used behind other help cases….

Main Agreement Meibc

If the agreement is published in the Official Journal of government, it becomes legally binding on all employers active in the sector and on workers falling within the scope of the main agreement. Hence the next important question. The main agreement is a collective agreement between the employers` organisations and the trade unions which form the metallurgy and mechanical engineering bargaining council. The agreement provides for comprehensive employment conditions for some 320,000 planned workers (including workers provided by employment agencies) employed in more than 10,000 companies in the sector. “scheduled workers” means employees covered by the technical calendars of the main agreement. Elevator Main Collective Agreement in the Metallurgical and Mechanical Industry 2015-2019 The working and employment conditions in the main contract derive from the mandated and negotiated positions of employers` organizations, trade unions and their respective members. After the announcement, the main agreement becomes legally binding on all employers in the sector and all violations, such as underpayment of wages or non-payment of public holidays, are enforced by the staff of the Collective Agreements Council. The proposal to overturn the current main agreement was presented at a meeting of the MEIBC Management Committee last week and duly taken into account by all unions. The unions did not present any demands or counter-proposals. Instead, they committed to bringing the proposal back into their respective structures and internal reporting mechanisms. . The agreement provides for legally binding and comprehensive terms and conditions of employment, including minimum wage structures for all workers whose jobs are described in the agreement. The main agreement contains 38 separate technical timelines, which apply to a particular sub-sector of the sector.

These technical calendars detail the specific work, tasks and technical activities of the personnel who deal with the direct production process in these sectors. . These violations can be identified as a result of a routine inspection of a business by an agent or a complaint from an employee or former employee. If the representative finds that there is a violation of the main agreement, he is first discussed with the management and will endeavor to correct it. The following steps are introduced if the infringement is not corrected at this level: coverage of the main collective agreement in the metallurgy and mechanical engineering sector from July 2014 to June 2017 The conditions of employment of the main contract are summarized in the main contract manual. Order again today. The main agreement manual is very relevant for all employers in the metallurgy and mechanical engineering sector, and not only for those who are members of SEIFSA affiliated associations. The purpose of the main agreement is to regulate the conditions of employment of workers who work in manufacturing processes in the metallurgical industry. In general, the scope of the agreement is limited to all workshop, production, construction and construction workers at the level of general workers, up to skilled craftsmen. Other categories of employees, such as offices, administration, distribution, offices and executives, are not covered.

. Unions registered with the Metals and Engineering Industry Bargaining Council (MEIBC) have committed to take up SEIFSA`s proposal to postpone negotiations to 2020 and extend the terms of the current main agreement to their respective members across the country until 30 June 2021. . . .

Loan Agreement And Guarantee

The personal credit guarantee is a document that allows a person known as a “guarantor” to be responsible for the money borrowed if it is not repaid by the borrower. In addition, the surety also provides the lender with additional security coverage that often allows the borrower to access better financing opportunities, such as the interest rate, due to the extra layer of protection. In addition to the types of conditions found in almost all contracts, there are unique provisions for credit guarantee agreements, such as: a credit guarantee is a legally binding obligation to pay a debt in the event of default by the borrower. This is what most often happens between family members for whom the borrower cannot get credit due to a lack of income, a count or a poor credit score. A bond can also be used to guarantee a better interest rate or other more favorable credit terms. The heart of this document is the obligation for the guarantor to immediately take charge of the repayment in case of failure of the debtor. As a rule, the guarantor is subject to the same conditions as the original borrower. It can even mean a punitive situation if the debtor is late – the guarantor must immediately repay the full balance. Since the guarantee is maintained as a financial guarantee for the duration of the loan, the personal guarantee generally prohibits the guarantor from transferring assets without the agreement of the lender or from significantly changing the financial situation. Often, the document called “guarantee” actually includes a guarantee and compensation. A guarantee and compensation offer the beneficiary of the guarantee (the lender) more protection than a simple guarantee. All Simply-docs warranties, with the exception of the personal warranty, include both warranty and indemnification.

Becoming a guarantor of a loan is a step that should not be taken lightly. Even if the borrower maintains payments, the surety may be prohibited from transferring assets or taking other financial action without the lender`s agreement. A trust instrument is used to insure a loan on real estate. Find out how this legal document can be an easy way for a lender to support a loan. Documents are the legal documents used to transfer ownership of legal ownership….

Letter Of Loan Agreement Template

Renewal Contract (Loan) – Extends the maturity date of the loan. The credit agreement should clearly describe how the money is repaid and what happens if the borrower is unable to repay. The lender should read the draft credit agreement to see if all the provisions and writings are correct. The lender`s signature gives the impression that the document is read, understood and correct. If a disagreement subsequently arises, a simple agreement serves as evidence for a neutral third party such as a judge who can assist in the application of the treaty. Late – If the borrower is in arrears due to non-payment, the interest rate is due to the balance of the loan until the loan is paid in full, in accordance with the agreement established by the lender. Guarantees are the assets of the borrower with whom he secures a loan from you. The credit agreement must mention the object used as collateral, which usually includes real estate, vehicles or jewellery. A lender can use a legal credit agreement to enforce the repayment if the borrower does not maintain the end of the agreement. Use LawDepot`s credit agreement template for business transactions, tuition, real estate purchases, down payments, or personal loans with friends and family. In the event that the borrower is late in the loan, the borrower is responsible for all costs, including any attorney`s fees.

Under no circumstances is the borrower always responsible for the payment of the principal and interest in case of delay. It is enough to enter the State in which the loan was contracted. If the loan is for a large amount, it is important that you update your last wish to indicate how you want to manage the outstanding loan after your death. When it comes to private credit, it may be even more important to use a credit agreement. To the IRS, money exchanged between family members can look like either gifts or loans for tax purposes. ☐ Credit is secured by guarantees. The borrower agrees that, until full payment of the loan, the loan will be granted at the same time as the interest by ____ ____ A model personal credit agreement is a document, which allows anyone to protect themselves as a lender. Filling out a simple credit agreement ensures that there is no confusion between the lender and the person who needs the money. A credit agreement template removes the difficulty of designing an accurate and precise document.

If the document is to have value in court, it must be correct and define every aspect of the loan in question. With a clear credit agreement, lenders and borrowers have rights that remain protected throughout the term of the loan and repayment terms. The terms of a loan can be difficult to conceive. In the absence of a draft free credit agreement, this could be the case. However, a loan model makes the task of document making easy….

Landlord Living With Tenant Agreement

As a landlord, you are responsible for including repairs and maintenance in your rental agreement. The original tenant may wish to enter into a temporary agreement with the tenant who sublets the property. The agreement should contain all the obligations arising from the original lease agreement, so that the new tenant is aware of all these obligations. The new tenant can either pay rent to the original tenant or, if the landlord agrees, pay directly to the landlord. A TransUnion survey showed that payment issues for 84 percent of homeowners were considered the top concern. Using a tool like Income Insights saves you time and effort by valuing the tenant`s income in a few and clarifying if further proof of income is needed. By checking the income before making a leasing decision, you can better avoid the tenant`s payment problems from the start. Attribution is if a tenant finds someone to take charge of their lease…

Joint Venture Collaboration Agreement

A memorandum of understanding or heads of terms can be used to outline the main points of the joint venture plans before the exact wording of the joint venture agreement is finalised. The head of Terms therefore indicates the essential conditions agreed between the parties and reflects their expectations and intentions. Use a joint venture template that has been written by a lawyer to ensure that all the necessary information is included and that you are completely protected in the unfortunate event that something goes wrong. You enter a joint venture for a particular project. There is a time limit for joint ventures and they have set clear limits for their purposes. You can create a joint venture to make a product that none of the partners can afford. The development of new software is an example of this. You are not giving up half of your business in a joint venture; They share the profits and expenses of a given company. CONSIDERING that the parties wish to set up a joint venture between themselves in order to cooperate in [JOINT VENTURE DESCRIPTION], Have you considered cooperating or creating a joint venture? Would you like to share your experience and/or expertise? Click below to participate in our “Marketing for SMEs” event: March 31, 2015 EVENT If you get advice from a business lawyer, you can make sure that you are aware of all applicable laws and that your joint venture does not violate such laws. However, most joint ventures are longer-term business cooperations, with some financial or temporal commitment, and a detailed agreement is needed to protect the interests of the parties.

For these joint ventures, we would always recommend the help of a lawyer in the design of the agreement. Prohibitions of competition are common in joint venture agreements, in order to prevent the parties from carrying out commercial activities competing with the proposed joint venture. . . .

Is The Withdrawal Agreement Dependent On A Trade Deal

United Kingdom nationals and Union citizens, family members who are United Kingdom nationals or Union citizens and family members who are not both retain the right to reside in the host State (Article 13). The host Member State may not restrict or condition persons on the acquisition, maintenance or loss of the right of residence (Article 13). Persons with a valid file [clarification required] do not need an entry and exit visa or identical formalities and may leave or enter the host Member State without complications (Article 14). Where the host Member State `requests an entry visa to family members following the Union citizen or a United Kingdom national at the end of the transitional period`, the host Member State is required to issue the necessary visas free of charge in appropriate establishments under an accelerated procedure (Article 14). The agreement also deals with the issue of residence permits of indefinite duration during and after the transitional period and their restrictions. It also clarifies the rights of workers and the self-employed and provides for the recognition and identification of professional qualifications. Ben Margulies is an independent researcher and former professor at the University of Essex….

International Tropical Timber Agreement 2006

In pursuing the objectives of the Convention, the Council shall, as appropriate, make arrangements for consultations and cooperation with the United Nations and its specialized bodies and agencies, including the United Nations Conference on Trade and Development (UNCTAD) and other relevant international and regional organizations and institutions, as well as the private sector, non-governmental organizations and civil society. Fifty-eight parties signed the 1983 Agreement: Australia, Austria, Belgium, Bolivia, Brazil, Burma, Cameroon, Canada, People`s Republic of China, Colombia, Democratic Republic of the Congo, Republic of The Congo, Republic of Ivoire, Denmark, Ecuador, Egypt, European Union, Fiji, Finland, France, Gabon, Germany, Ghana, Greece, Guyana, Honduras, India, Indonesia, Ireland, Italy, Japan, South Korea, Liberia, Luxembourg, Malaysia, Nepal, Netherlands, South Korea, New Zealand, Norway, P anama, Papua New Guinea, Peru, Philippines, Portugal, Russia, Spain, Sweden, Switzerland, Thailand, Togo, Trinidad and Tobago, United Kingdom, United States, Venezuela A Fund for the Sustainable Management of Tropical Forests shall be established to assist producer members in making the investments necessary to achieve the objective referred to in Article 1(d) of this Agreement. Reaffirming its commitment to work as expediting as possible on the export of tropical timber and timber products from sustainable sources (ITTO Target 2000), and recalling the establishment of the Bali Partnership Facility, the Organization contributes to the standardization and harmonization of international reporting on forest-related issues, avoiding overlap and duplication in data collection between different organizations. Recognizing also the importance of such cooperation for improving forest law enforcement and promoting trade in legally led timber; For the purpose of calculating the distribution of votes referred to in Article 10(2)(b), `tropical forest resources` means closed natural forests and forest plantations between the cancer turning radius and the Capricorn turning circle. Recognising the importance of timber and related trade to the economies of timber-producing countries, this Agreement does not allow for the application of measures to restrict or prohibit international trade in timber and timber products, in particular in the case of the import and use of timber and timber products. information provided by members on domestic production, trade, supply, stocks, consumption and prices of timber; Recognizing the importance of cooperation between Members, international organizations, the private sector and civil society, including indigenous and local communities, and other stakeholders in promoting sustainable forest management, any reference to “governments” in this Agreement shall include the European Community and other intergovernmental organizations with comparable responsibilities for negotiating, . . . .

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