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What is a local country agreement?

Local Country Agreement means an agreement (including any Schedules thereto) between an EDS Provider (other than EDS) and a Coors Recipient (other than Coors), pursuant to which such EDS Provider agrees to provide Services to such Coors Recipient in accordance with terms set forth in this Agreement.

What is a global agreement?

A global (or international) contract refers to a legally binding agreement between two or more parties based in different countries that obligates these two parties to perform or not perform certain actions.

What is an exploration contract?

Exploration Contract means any contract or licence permitting TOML to Explore for Polymetallic Nodules in the International Seabed Area entered into between TOML and the ISA or granted by the ISA to TOML, and includes the ISA Exploration Contract.

Why international agreements are important for any country?

They have become the main source of law, which means that they can be the legal basis for regulating certain international economic relations, or they can be the legal basis for resolving certain disputes that may arise in concrete international economic relations.