Alberta Quit Claim, Assignment and Conveyance of Interest

Prepare a Quit Claim, Assignment and Conveyance of Interest with this template form for Alberta oil and gas rights.

• The vendor (the grantor) agrees to quit claim, assign and convey to the purchaser (the grantee) its entire interest in and to the assets being transferred.
• The assets include petroleum and natural gas rights, equipment and miscellaneous interests.
• The assets are transferred on an 'as is, where is' basis.
• The purchaser assumes the vendor's liability and obligations with respect to the assets, including environmental liabilities, and will indemnify the vendor with respect to the same.
• The parties mutually release each other from any and all claims, actions, damages and losses.