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Alberta Purchase and Sale Agreement for Oil & Gas Rights

Prepare a Purchase and Sale Agreement for Oil & Gas Rights in the Province of Alberta with this ready-made template.
  • The Vendor will prepare the specific conveyances, at its cost.
  • The Vendor will remit the GST payable on the transaction.
  • The closing is subject to several conditions, including satisfactory completion of the purchaser's review.
  • Representations and warranties of each party to the other.
  • Indemnity of each party by the other.
  • Operating costs and proceeds will be adjusted as of the adjustment date, and the purchase price adjusted accordingly.
  • Te Vendor will maintain the assets in accordance with good oil field practice until the closing and will not make any commitments or expenditures in excess of a specified amount without the consent of the Purchaser.
  • The Vendor will give appropriate notice to third parties with rights of first refusal.
This Alberta Purchase and Sale Agreement for Oil & Gas Rights is available as a fully editable Microsoft Word template.

Download: Alberta Purchase and Sale Agreement for Oil & Gas Rights

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Canadian Law Resources: (14-Apr-2018) E.&O.E.

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