division order

division order. Oil & gas. A contract for the sale of oil or gas, specifying how the payments are to be distributed. • Royalty owners enter into division orders to sell minerals and to instruct how payments are to be made under a mineral lease. Working-interest owners also commonly sign division orders to instruct purchasers how payments are to be divided. [Cases: Mines and Minerals 79.1(3). C.J.S. Mines and Minerals § 294.]

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词条贡献者

双语律师李黎，国际知名法学院法律专业，擅长翻译各类与消费者金融诉讼相关的法律文件。