change of ownership clause

change-of-ownership clause. Oil & gas. A provision in an oil-and-gas lease specifying what notice must be given to a lessee about a change in the leased land’s ownership before the lessee is obliged to recognize the new owner. — Also termed assignment clause.

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词条贡献者

双语律师Philipp，国际知名法学院法律专业，擅长翻译各类与医疗保健相关诉讼相关的法律文件。