Arbitration and dispute resolution
In the event of dispute, both parties will do their utmost to resolve the dispute amicably and to their mutual...
Assignment or transfer
Unless 75% of the land is developed, Agropeace has no right to transfer the land, land use rights or properties...
Audit mechanisms - financial obligations
The Ministry of Agriculture may monitor and establish that Agropeace is discharging and accomplishing its obligations diligently, provided that this...
Cancellation or termination
The Ministry of Agriculture reserves the right to restore such lands covered by this contract which are not developed by...
Environmental impact assessment and management plan
Agropeace is required to conduct an environmental impact assessment and deliver the environmental impact assessment report within three months of execution of agreement
Environmental protections
Agropeace has obligation to provide good care and protection of the lease land and the natural resources hereon, including to...
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 Ministry of Agriculture undertakes to provide, or to cause to be provided, special investment privileges such as exemptions from...
Infrastructure
Agropeace has the right to build infrastructure such as dams, water boreholes, power houses, irrigation systems, roads, bridges, offices, residential...
Language
All communication and notice required shall be in writing in English or Amharic language
Location
Gad kebele, Shinile District, Shinile Zone, Somali Regional State, Ethiopia
Other - financial/fiscal
The Ministry of Agriculture reserves the right to revise the lease payment rate as the need may arise; The Ministry...
Other - miscellaneous
The Ethiopian calendar shall be used and shall be controlling for the purposes of this contract
Other - operational
Upon entering into this agreement, Agropeace shall submit an advance action plan with regards to the use of the leased...
Physical security or protection of property
The Ministry of Agriculture must provide adequate security, free of cost, against any riot, disturbance or any other turbulent time...
Renewal or extension of term
The agreement can be renewed for another additional year on the same terms and conditions, provided the extension is mutually...
Reporting requirements
Agropeace shall provide correct data and investment activities reports upon request by the Ministry of Agriculture; The Ethiopian government has...
Resource(s)
Castor oil and cotton as a principal crop with rotational crops of soya bean and groundnut
Restrictions on transactions with affiliated parties
Agropeace has the right to develop or administer the leased land on its own or through a legally delegated person...
Sacred, cultural, or historical sites
Agropeace is obliged to provide good care and conservation of the leased land and natural resources thereon; It must conserve...
State agency, national company or ministry executing the document
Ministry of Agriculture. The Ministry of Agriculture, as representative and highest authority of Ethiopian government to this contract, shall guarantee...
Surface fees or rent
Agropeace is entitled to a 4-year grace period for the land rent, after which the rent for that 4 year...
Work and investment commitments
Agropeace is expected to start to develop the land within six months from the date of execution of the agreement,...
Country
Ethiopia
Signature Year
2012
Resource
Castor oil (Ricinus communis) | Cotton | Groundnuts | Soybeans (Soya beans)
Type of Document
Contract
Open Contracting Identifier
ocds-591adf-7583138866
Disclosure Mode
Government
This document has missing annexes
Land Matrix ID
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