Products tagged with 'working interest agreement'

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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

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