MOST JOINT VENTURES WILL REGULATE THEMSELVES THROUGH A JOINT OPERATING AGREEMENT JOA UNDER WHICH ONE PARTICIPANT WILL ACT AS OPERATOR WHILE THE OPERATOR IS SELECTED TO ACT FOR AND ON BEHALF OF THE OTHER PARTICIPANTS SITUATIONS CAN ARISE WHERE ONE OR SEVERAL OF THE PARTIES MAY NOT SUPPORT A DECISION OR INTEREST IN LIGHT OF THIS DISCUSS THE ROLE OF SOLE RISK AND NON-CONSENT CLAUSES IN JOAS