Cooperative Mining Claim Agreement

This Cooperative Mining Claim Agreement (“Agreement”) is entered into on [Date] by and between the following ten members of the Rock Table (collectively referred to as “Members”):

  1. [Member Name]
  2. [Member Name]
  3. [Member Name]
  4. [Member Name]
  5. [Member Name]
  6. [Member Name]
  7. [Member Name]
  8. [Member Name]
  9. [Member Name]
  10. [Member Name]

Recitals:

WHEREAS, the Members are all enthusiastic members of the Rock Table with a shared interest in cooperative mining endeavors; and

WHEREAS, the Members wish to collectively engage in mining activities on the claim described herein, adhering to specific terms and conditions for the fair and cooperative operation of this venture.

Agreement Terms:

1. Cooperative Mining Claim:

1.1. The Members agree to collectively invest in, operate, and maintain a mining claim, located at [Location], hereinafter referred to as the “Claim.”

1.2. The ownership and operation of the Claim shall be shared equally among the Members, with each Member having an equal stake and equal responsibilities.

2. Non-Compete Clause:

2.1. During the term of this Agreement and for [Duration] after its termination, Members shall not engage in mining or prospecting activities on any other claims, either individually or in cooperation with third parties, within a [Radius] mile radius of the Claim’s center.

2.2. The Non-Compete Clause aims to ensure the full commitment of Members to the cooperative venture and to prevent competition within the specified geographic area.

3. Equal Effort Clause:

3.1. Each Member shall contribute an equal share of time, labor, and resources towards the mining operations on the Claim, in accordance with their abilities and availability.

3.2. Any Member who fails to fulfill their obligations or contribute their fair share may be subject to remedies outlined in this Agreement.

4. Decision-Making:

4.1. All major decisions regarding the Claim, including but not limited to investment, equipment, and mining strategies, shall be made collectively by the Members. A majority vote (at least 6 out of 10 Members) is required to pass any major decision.

4.2. Minor operational decisions may be made by any Member assigned the responsibility for those tasks, but such decisions shall be communicated to all Members.

5. Dispute Resolution:

5.1. In the event of disputes among Members, the parties agree to engage in good faith negotiations to resolve the issue.

5.2. If disputes cannot be resolved through negotiation, the Members may seek mediation or arbitration as a means of dispute resolution, as agreed upon by all parties involved.

6. Termination:

6.1. This Agreement may be terminated by mutual consent of all Members.

6.2. A Member may be removed from this cooperative venture by a majority vote if they consistently fail to fulfill their obligations or breach the terms of this Agreement.

7. Governing Law:

This Agreement shall be governed by and construed in accordance with the laws of [Jurisdiction].

8. Entire Agreement:

This Agreement constitutes the entire understanding between the Members and supersedes all prior agreements or understandings, whether written or oral.

IN WITNESS WHEREOF, the Members have executed this Agreement as of the date first above written.


[Member Name 1] [Member Name 6]


[Member Name 2] [Member Name 7]


[Member Name 3] [Member Name 8]


[Member Name 4] [Member Name 9]


[Member Name 5] [Member Name 10]

Note: This Agreement is a legal document, and it is advisable to consult with an attorney to ensure it complies with all relevant laws and regulations in your jurisdiction.

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