Natural Resources Transfer Agreement

A Natural Resources Transfer Agreement is a formal arrangement where one party, often a government or organization, transfers the rights to manage and use specific natural resources—like water, minerals, or forests—to another entity, such as indigenous communities or other governmental bodies. This agreement aims to ensure sustainable management, protect the environment, and recognize the rights and interests of the communities involved. It typically outlines responsibilities, financial arrangements, and regulatory compliance, promoting cooperative stewardship of resources for economic, social, and environmental benefits.