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Assignment & Novation Agreement for portion of interest (Alberta)

Use this template to create an Assignment and Novation Agreement specifically for the Province of Alberta. Key provisions of this agreement include:

  • one party (assignor) assigns a portion of its rights and interest in certain oil and gas properties to another party (assignee),
  • the assignor novates the assignee as a party to the original agreement under which the assignor acquired its interest,
  • other parties to the original agreement waive their pre-emptive rights.

This is a Canadian oil and gas document, in MS Word format.





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