Alberta Working Interest Clarification Agreement

Draw up a Working Interest Clarification Agreement with this contract template for Alberta oil and gas properties.

• 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.