Marketing agreement

{
  "id": "MLC-T-OAG-002284",
  "term": "Marketing agreement",
  "field": "Oil and gas",
  "definition": "A contract between two or more parties, such as an operator and non-operating working interest owners, that governs the sale of oil or gas produced from a jointly owned property. The agreement details how each party will take its share of production in kind or authorize a designated marketer to sell it on their behalf. It specifies terms for pricing, measurement, delivery points, and payment, preventing disputes over the disposal of hydrocarbons.",
  "subject": "Oil and Gas Business",
  "url": "https://mlchart.com/terminology/oil-and-gas/marketing-agreement/"
}