THE CANADIAN PETROLEUM AND NATURAL GAS LEASE
AbstractThis article traces the development and growth of the oil and gas lease, giving reasons for some of the clauses now accepted and ordinarily used in Canada, especially the granting clause, duration or habendum together with redendum, royalty and protective clauses. The author illustrates how the acceptance of each clause examined represents a step forward for the industry itself. Compromises between the lessor and lessee are highlighted to show how the lease has developed to create fairness for both.
Keywords:Mines and Minerals
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