cessation of production clause

Oil & gas. A lease provision that specifies what the lessee must do to maintain the lease if production stops.

• The purpose of the clause is to avoid the uncertainties of the tempo-rary-cessation-of-production doctrine. Cf. TEMPORARY-CESSATION-OF-PRODUCTION DOCTRINE. [Cases: Mines and Minerals 78.1(9). C.J.S. Mines and Minerals §§ 260–263.]

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词条贡献者

法律翻译家欣，毕业于德国顶尖的高级翻译学院，专注翻译各类与体育诉讼有关的法律文件。