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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.
$12.49
Alberta Assignment of Surface Lease
Assign your rights and title to petroleum and natural gas surface leases with this template legal form for the Province of Alberta.
- 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
Alberta Conveyance of Oil and Gas Assets
Transfer certain oil and gas assets to another party with this Conveyance and Transfer form for Alberta.
- The transferor conveys and transfers title to the assets (petroleum leases, production rights, etc) to the transferee pursuant to an Asset Exchange Agreement between the parties.
- The form can be re-used as often as required. Download, save it as a template, use it as often as you like.
- This Conveyance and Transfer form is intended to be used in connection with oil & gas assets located in the Province of Alberta, Canada.
$6.29
Alberta Offer to Sell Interest in Crown Leases
Sell your interest in certain crown leases with this template form for Alberta oil and gas assets.
- Allocation of Purchase Price. The offer sets out how the purchase price will be allocated between petroleum and natural gas rights, tangibles, and miscellaneous interests.
- Calculation of Interest. The template contains two interest clauses - one if interest is being calculated, and one if no interest is payable.
- Acceptance. If accepted, the offeror will prepare a formal purchase and sale agreement.
- Conditions Precedent:
- The offer is subject to the purchaser performing a satisfactory due diligence review of all books, files, records, and contracts.
- The transaction is subject to the purchaser receiving all necessary regulatory approvals for the sale.
- The offer is also conditional upon the purchaser conducting a satisfactory environmental audit.
- The transaction is subject to the vendor being satisfied that Alberta Energy will approve the transfer.
- Environmental Liability. The purchaser will assume all environmental liabilities.
- Jurisdiction. The offer is written with the intention of being used within the Province of Alberta. However, it can be modified for use in other provinces of Canada.
$14.99
