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| FOA (Smitson) | |||
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farm-out agreement (Also known as a farm-in agreement. A type of contract through which an investor (a farmee) may acquire an interest in an upstream project from an existing project participant (a farmor). It is typically used in the exploration or development stage of a project. It can be used by a farmor to reduce its costs or spread its risk exposure in relation to a project.  thomsonreuters.com Kovrigin) | |||