MFI-36 Audit Rights of Non Participating and Non Consenting Parties
Most JOA’s do not address audits of Payout Accounts. This document clarifies the audit rights related to a non-participants’s share of expenses for non-consent situations in the absence of specific audit rights in the JOA. 3 pages. 1997.
Table of Contents
- Problem (Rights in the Absence of Contractual Language)
- Audits of Payouts
- Adjustments to Payout Statements