Picture of Alberta Assignment and Novation Agreement Picture of Alberta Assignment and Novation Agreement

Alberta Assignment and Novation Agreement

Transfer an interest in Alberta oil and gas assets from one operator to another with this Assignment and Novation Agreement form.

  • Assignment of Rights. The original operator (the assignor) assigns all of its rights and interest in the properties to another operator (the assignee).
  • Novation. The assignor novates the new operator as a party to the original agreement under which the assignor acquired its interest.
  • Consent and Waiver. All other stakeholders who were parties to the original agreement consent to the transfer and waive their pre-emptive rights.
  • Release of Assignor. The other stakeholders also release the assignor from performance of the original agreement after the effective date of the assignment.
  • Jurisdiction. This legal document is intended for use in the Province of Alberta, Canada.
  • How to Obtain the Form. You can download the MS Word form immediately after purchase. Other formats available on request.
Document Type: Microsoft Word
Last Updated: 24-November-2024
SKU: 650
$12.49
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