Fiduciary Obligations and Joint Ventures: The Collaborative Fiduciary Relationship

The joint operating agreement is a commercial contract extensively used in oil and gas joint ventures, where one co-venturer manages the venture under the supervision of the other co-venturers. The English courts have yet to pronounce whether a joint operating agreement (JOA) establishes a fiduciary relationship between its co-venturers and whether fiduciary duties are created by it. This book reviews whether a joint operation agreement, as an example of a joint venture, is a fiduciary relationship and fiduciary duties which may apply to resources companies as co-venturers. This book will be essential reading for anyone working in the area of energy and natural resources law as well as equity lawyers and anyone interested in joint ventures.Bean, Gerard M. is the author of 'Fiduciary Obligations and Joint Ventures: The Collaborative Fiduciary Relationship', published 1995 under ISBN 9780198259282 and ISBN 019825928X.