Alberta Working Interest Clarification Agreement

Draw up a Working Interest Clarification Agreement with this downloadable template for oil and gas properties in Alberta.

• The Agreement is between the title holders or successors in interest to title under existing leases.
• The parties all wish to clarify their interests in writing, because of various amalgamations, assignments, and corporate name changes since the original agreements were signed.
• The purpose of the Agreement is to clarify percentage working interests and provide for continued operation, maintenance and development of petroleum leases.
• Each of the successors in interest will assume the rights, duties and obligations of their predecessor under the original agreement.
• Each of the parties indemnifies the others.