(a) Article I and Article II: Purpose, Definitions, and Term

Supplier will develop, operate, and maintain one or more carbon removal projects that remove greenhouse gases from the atmosphere, as described in Exhibit A. Buyer agrees to purchase, and Supplier agrees to sell, verified carbon removal credits generated by the Project. OSCAR becomes effective on the Effective Date and remains in force until all Credits specified in Exhibit B have been delivered, or until payment has been made, unless terminated earlier in accordance with OSCAR.

Comments

This clause establishes the basic commercial relationship. It defines the scope of the Project, the sale of verified Credits, and the duration of OSCAR. It ensures both parties know when obligations start and end, creating clarity for accounting, planning, and risk management.