Arbitration and dispute resolution
In the event of a dispute, both parties will do their utmost to resolve the dispute amicably and to their...
Assignment or transfer
Unless 75% of the land is developed, Omo Valley Farm Cooperation has no right to transfer the land or properties...
Cancellation or termination
Omo Valley Farm Cooperation has the right to terminate the land lease agreement subject to at least 6 months' prior...
Environmental impact assessment and management plan
Omo Valley Farm Cooperation has an obligation to conduct an environmental impact assessment and deliver the report within 3 months of execution of agreement
Environmental protections
Omo Valley Farm Cooperation shall provide good care and conservation of the lease land and its natural resources, with particular...
Governing law
The governing law for operations under the agreement shall be the laws of Ethiopia
Hardship clause or force majeure
Conditions of force majeure shall be governed by the Ethiopian Civil code
Income tax: exemptions
The Government undertakes to provide special investment privileges such as exemptions from taxation, import duties of capital goods, and repatriation...
Infrastructure
Omo Valley Farm Cooperation has the right to build infrastructure such as dams, water boreholes, power houses, irrigation system, roads,...
Location
South Nations, Nationalities and Peoples Regional State, South Omo Zone, Hammer District, Karo Dus kebele
Other - miscellaneous
If the agreement is terminated by Omo Valley Farm Cooperation for failure of the Government to fulfill its obligations or...
Other - operational
The Ministry of Agriculture has an obligation to arrange access and use of facilities of the Government and Regional State...
Physical security or protection of property
The Government shall ensure that Omo Valley Farm Cooperation shall, during the period of the lease, enjoy peaceful and trouble...
Renewal or extension of term
The agreement can be renewed for another additional year as mutually agreed by the parties. The agreement shall be renewed...
Reporting requirements
Omo Valley Farm Cooperation shall provide correct data and investment activity reports upon request by the Government. The Government has...
Size of concession area
10,000 hectares. Omo Valley Farm Cooperation has the right to get additional land based on its performance, accomplishment and needs.
State agency, national company or ministry executing the document
Surface fees or rent
There shall be a 3-year grace period for the land rent, where the rent during this period will be prorated...
Work and investment commitments
Omo Valley Farm Cooperation is expected to start developing the land within 6 months from the date of execution of...