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Alberta No Interest Letter for Oil and Gas Assets

The letter is written by a party who holds an interest in the assets, which are the subject of a Purchase and Sale Agreement.
The writer either waives or releases its interest in the assets being sold.
This template is a downloadable MS Word file which is fully editable.
This form is for the Province of Alberta, Canada.

$2.49

In addition to transferring and assigning all of its interest in the leases, the assignor agrees to indemnify the assignee against any claims arising by or through the assignor with respect to the leases.
The assignor warrants that all rents and other payments have been made and that no notice of default has been received with respect to any of the interest conveyed.
The assignee agrees to indemnify the assignor against payment of rents and the performance of any obligations that may be due with respect to the leases.
To get your copy of the Alberta Assignment of Surface Lease form: add it to your cart, check out and download. You can then fill it in, print and sign it.

$12.49

Parties. The agreement is between the landowner and the oil company which will extract the resources.
Use of Land. The lease allows the oil company to use the land for exploration, development and production of oil, gas, and related hydrocarbons.
Rent. The agreement breaks down the first year's rent and annual rent to show how compensation is allocated for market value (first year), loss of use, adverse effect, general disturbance (first year), and additional wells.
Maintenance of the Land. The oil company agrees to apply good soil conservation practices to strip, conserve and restore the topsoil, and will construct proper sludge pits and dispose of the sludge in accordance with the laws.
Surrender. The drilling company has the right to surrender and terminate all or a portion of the leased lands at any time, on proper notice, but will not receive a refund of any rent paid in advance.
Governing Laws. The agreement is intended for use in the Province of Alberta.
The template is available in MS Word format. Fully editable and reusable.

$29.99