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Alberta Declaration of Trust for Crown Leases
Put crown leases into trust with this downloadable Declaration form for the Province of Alberta.
- Purpose of Trust. Title to the crown leases are being placed in trust as part of the sale and conveyance of the crown leases to a beneficiary.
- Role of Trustee. The trustee will hold the leases on behalf of the beneficiary, and will not sell, transfer or encumber them unless instructed to do so in writing by the beneficiary.
- Rights of Beneficiary. The beneficiary will have access to the lands for exploration, drilling and removal of petroleum and natural gas extracted from the lands.
- Payments. The beneficiary will make timely payment of its share of the annual rentals under the leases.
- This is a downloadable, easy-to-use template form.
- Intended for use only in the Province of Alberta, Canada.
$12.49
Alberta Escrow Agreement for Oil and Gas Assets
Appoint an escrow agent to hold Alberta oil and gas assets in trust until a purchase of the assets is completed with this downloadable template.
- Role of Escrow Agent. The escrow agent will hold the assets in trust until all of the purchase funds have been released to the vendor upon completion of the transaction, or returned to the purchaser, in the event the sale is not completed.
- Interest. The escrow funds will be placed in an interest bearing trust account and the interest will be payable to the party who receives the purchase funds.
- Disputes. If either the purchaser or vendor disputes the escrow agent's determination regarding entitlement to the funds, the funds will be paid into court.
- Governing Laws. This Escrow Agreement for Oil and Gas Assets is governed by the laws of the Province of Alberta.
- How to Get the Form. Once you have purchased the form, you can immediately download the MS Word document.
$12.49 $10.00
Alberta Pooling and Participation Agreement
Prepare a Pooling and Participation Agreement with this contract form covering Alberta oil and gas properties.
- Parties. The Agreement is between several parties who want to pool their interests and appoint an operator over the properties.
- Pooling. Operations on the pooled lands will be conducted without regard to boundaries of the title documents, and as if the pooled lands were covered by a single petroleum and natural gas lease.
- Title Held in Trust. Each party holds its title documents in trust for the other parties, insofar as they relate to the pooled lands.
- Allocation of Revenues and Costs. Production revenue and expenses are allocated among the parties according to their respective pooled interest.
- Joint Well. The operator, on behalf of the parties, will spud a joint well and will continuously drill, log and test, and either complete, cap or abandon the joint well in accordance with the agreement.
- Term of Agreement. The agreement will stay in effect as long as one or more wells is capable of producing.
- Governing Laws. This Pooling and Participation Agreement template is intended for use within the Province of Alberta, Canada.
$29.99
Alberta Trust Agreement for Gas Leases
Appoint a trustee to hold gas leases in trust for a beneficiary with this customizable template for the Province of Alberta.
- The beneficiary is a party who has purchased the interest in the gas leases from the trustee.
- The trustee will continue to hold title to the leases in trust on behalf of the beneficiary.
- The beneficiary will be liable to the trustee for all costs and damages which the trustee may suffer or pay.
- The beneficiary agrees to indemnify and hold the trustee harmless against any claims, actions, costs, losses or damages arising from the trustee acting as trustee under the Agreement.
- This Trust Agreement for Gas Leases is a fully editable legal form that is intended for use in the Province of Alberta.
$12.49
