Performer, Understudies and Stage Management for commercial theatre productions. There is a separate agreement for work in the West End (www.solt.co.uk). Production-sharing agreements were first used in Bolivia in the early 1950s, although their first implementation was similar to that of today in Indonesia in the 1960s. [1] Today, they are often used in the Middle East and Central Asia. This agreement applies to interpreters, sub-studies and stage management employed by managers funded by Arts Council England, Arts Council of Wales, Creative Scotland or the Arts Council of Northern Ireland. There is a separate agreement for work in the West End (www.solt.co.uk). Production-sharing agreements can be beneficial for governments in countries that lack expertise and/or capital to develop their resources and wish to attract foreign companies. They can be very profitable agreements for the oil companies involved, but they often present a significant risk. In production-sharing agreements, the country`s government entrusts the production and exploration activities to an oil company. The oil group supports the mineral and financial risk of the initiative and explores, develops and produces the field as needed.

During the successful year, the company can use the money from the oil produced to recover capital and operating expenses known as “cost oil.” The rest of the money is called “profit oil” and is shared between the government and the company. In most production allocation agreements, changes in international oil prices or the rate of production affect the company`s share of production. 1. DEFINITIONS 1.1 In these terms and conditions of sale: “Affiliate” refers, in the case of an entity, to any other organization that: (a) is controlled directly or indirectly or controlled by the RSC or supplier; or (b) is controlled directly or indirectly by an agency that also directly or indirectly controls the RSC or supplier; for the purposes of this definition, an institution controls another institution when it has the authority to direct or direct, directing, directly or indirectly, the policy of the other institution, through one or more intermediaries or other means, whether it is the ownership of shares or other holdings, participation in voting rights or contractual rights by being a member of a limited partnership or not. “Anti-Bribery Laws” refers to the United Kingdom Bribery Act of 2010 (in its current version) and any other applicable national, regional, provincial, governmental, municipal or local legislation prohibiting bribery or distribution of illegal tips, relief or other benefits to government officials or others.