Seven fundamental issues frame JDA negotiations

JOINT DEVELOPMENT AGREEMENTS-2 At least five and as many as seven fundamentals should be in the forefront when negotiating an initial joint development agreement.The first of the main issues is the cooperation of the parties in development. The agreement should include specific provisions that set out the actual goals of cooperation as well as the implications of such cooperation in terms of the behavior of the governments. In particular, it will need to make clear that the development of the zone may take place only in accordance with the terms of the joint development agreement, and therefore neither state will be entitled to act unilaterally in respect of such development.Area of the...

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