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    Alberta Purchase and Sale Agreement for Oil & Gas Leases


    Sell your interest in oil and gas leases with this Purchase and Sale Agreement for the Province of Alberta.

    • The Vendor will prepare and pay the cost of the conveyances.
    • The Vendor will remit the GST payable on the transaction.
    • The closing is subject to several conditions, including satisfactory completion of the purchaser's review.
    • The Agreement contains standard representations and warranties given by each party.
    • Each party indemnifies the other.
    • Operating costs and proceeds will be adjusted as of the adjustment date, and the purchase price will be adjusted accordingly.
    • The Vendor will maintain the assets in accordance with good oil field practice until the closing and will not make any commitments or expenditures in excess of a specified amount without the consent of the Purchaser.
    • The Vendor will give appropriate notice to third parties with rights of first refusal.
    • This Purchase and Sale Agreement for oil and gas leases is intended for use in the Province of Alberta, Canada.
    Download Type: Microsoft Word
    Last Updated: 03-July-2021
    SKU: 627