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Alberta Working Interest Clarification Agreement

Parties. The Agreement is between the title holders or successors in interest to title under existing leases.
Purpose of Agreement. The participants all wish to clarify their interests in writing, because of various amalgamations, assignments, and corporate name changes since the original agreements were signed.
Clarification. The Agreement sets out the current percentage working interests of the participants and provides for continued operation, maintenance and development of the petroleum leases.
Successors. Each of the successors in interest will assume the rights, duties and obligations of their predecessor under the original agreement.
Indemnification. Each of the parties indemnifies the others.
Jurisdiction. This legal document is intended for use in the Province of Alberta, Canada.
How to Get the Form. You can download the MS Word template immediately after purchasing it. The contract can be modified to fit your unique circumstances.

$12.49

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.

$29.99

The Conveyance form transfers the vendor's (seller's) interest in certain petroleum lands, leases, rights, units and facilities being sold and transferred to the purchaser under a Purchase and Sale Agreement.
The purchaser becomes liable for all obligations with respect to the interests on the closing date.
This legal contract template is available in MS Word format and is fully editable.
Intended for use in the Province of Alberta, Canada.

$5.99

$5.99

Scope of Agreement. The assets being purchased include all wells, equipment, facilities and other associated or related interests.
Assumption of Obligations. The purchaser will assume the vendor's obligations with respect to operational notices already received by the vendor.
Conditional Offer. The offer is subject to:
- a satisfactory title opinion;
- the purchaser's due diligence review of all files, records and deeds related to the working interest.
Jurisdiction. The template is written for the Province of Alberta but can be easily adapted for use in other jurisdictions.
How to Get the Form. To download the Offer to Purchase form, add it to your shopping cart and pay for it via our secure checkout.

$5.99

The grantor (person giving up the rights) agrees to transfer to the grantee (transferee) its entire interest in the assets, which include petroleum and natural gas rights, equipment and miscellaneous interests.
The grantor makes no representations or warranties regarding title to the assets.
The grantor does not 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.
This legal document is intended to be used within the Province of Alberta, Canada.
The Quit Claim Agreement is downloadable and can be modified to fit your unique needs.

$12.49