Open AccessSome Standard Clauses in Petroleum Industry Agreements - An Inquiry
Author(s) -
Ákos Kovách
Publication year - 1979
Publication title -
alberta law review
Language(s) - English
Resource type - Journals
eISSN - 1925-8356
pISSN - 0002-4821
DOI - 10.29173/alr591
Subject(s) - notice , force majeure , petroleum , petroleum industry , business , economics , law , political science , environmental science , chemistry , organic chemistry , environmental engineering
This paper examines number of clauses commonly included in farmout, unitization and other oil and gas agreements. Drawing upon the Canadian Association of Petroleum Landmen 1974 Operating Procedure, it scrutinizes force majeure, arbit ration, notice, and other clauses, with view to determining their effectiveness.