Farmor

{
  "id": "MLC-T-IND-002179",
  "term": "Farmor",
  "field": "Industrial and trades",
  "definition": "The owner of a working interest in an oil, gas, or mineral lease who assigns a portion of that interest to another party, the farmee. In this transaction, the farmor retains an overriding royalty interest or other non-operating interest in the property, contingent on the farmee successfully completing agreed-upon work, such as drilling a well. The farmor is not obligated to contribute to the costs of the initial exploration work.",
  "subject": "Mining and extraction",
  "translations": {
    "de": "Farmor",
    "es": "farmor",
    "fr": "farmor"
  },
  "url": "https://mlchart.com/terminology/industrial/farmor/"
}