A Joint Operating Agreement (JOA) is a cost-effective way to address localized incidents or disasters by allowing organizations to share resources, facilities, and operational responsibilities in the event of a disruption. This strategy reduces costs while ensuring business continuity by leveraging partnerships with other entities.
🔹 Why Joint Operating Agreements?
✔ Provides access to backup resources without requiring full duplication of infrastructure.
✔ Ensures operational continuity by leveraging shared agreements with other organizations.
✔ Reduces financial burden compared to maintaining dedicated backup facilities.
Joint operating agreements
A multi-party contract used to govern the relationship between members of a consortium engaged in an oil & gas project. A JOA is a way for co-venturers to apportion liability in accordance with their agreed participating interest.
how is this relevant to ccsp ?
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