surrender clause

surrender clause. Oil & gas. A provision commonly found in oil-and-gas leases authorizing a lessee to release its rights to all or any portion of the leased property at any time and to be relieved of further obligations on the acreage surrendered.

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词条贡献者

译者Scott，毕业于一所旨在培养高级翻译专业人才的翻译院校，擅长翻译各种与环境诉讼相关的法律文件。