Alberta Quit Claim Agreement for Oil and Gas Rights

Draw up a Quit Claim Agreement for Oil and Gas Rights with this template form for Alberta resources.

• The person giving up the rights (the grantor) agrees to quitclaim to a transferee (the grantee) its entire interest in and to the assets being transferred, which include petroleum and natural gas rights, equipment and miscellaneous interests.
• The grantor does not represent or warrant its title to the assets and makes no guarantee that the grantee will receive any better interest in the assets than the grantor now has.
• The grantor has not received any notice of default regarding the assets.
• The grantee acknowledges that it is receiving the assets on an 'as is' basis.
• The grantee indemnifies the grantor against all claims, actions, losses and damages.