Guiding Principles for Durable Extractive Contracts
The Guiding Principles for Durable Extractive Contracts (the Guiding Principles) provide
guidance on how resource projects can be developed to reflect the balance of risks
and rewards that underpins durable contracts, while taking into account community
interests and concerns since the very beginning. The Guiding Principles offer a blueprint
for the content and negotiation of durable extractive contracts that can reduce the
drivers of renegotiation and can provide adaptive and flexible provisions that, for
example, can automatically adjust to prevailing market conditions. They also aim to
assist host governments and investors in explaining the content of the contract to
the public, thereby helping to overcome tensions between stakeholders. The Guiding
Principles set out eight principles and supporting commentary that host governments
and investors, as well as negotiation support providers and legal practitioners, can
use as a common reference for future negotiations of enduring, sustainable and mutually
beneficial extractive contracts.
Published on December 09, 2020Also available in: French
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