Open AccessFundamental Issues and Practical Requirements Affecting the Purchase and Sale of Producing Resource Properties
Author(s) -
Martin G. Abbott
Publication year - 1991
Publication title -
alberta law review
Language(s) - English
Resource type - Journals
eISSN - 1925-8356
pISSN - 0002-4821
DOI - 10.29173/alr696
Subject(s) - vendor , resource (disambiguation) , business , property (philosophy) , nuts and bolts , marketing , industrial organization , commerce , computer science , engineering , epistemology , philosophy , structural engineering , computer network
In this paper the author examines the significant issues that are present in oil and gas property purchases and sales in Alberta and discusses the "nuts and bolts " problems that are characteristic of particular types of transactions with respect to the positions of both vendor and purchaser. The author further points out how some local practices, especially in the areas of indemnities, representations, and warranties, appear to be peculiar to Alberta.