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.

---

词条贡献者

法律翻译郭敏，毕业于欧洲顶尖的高级翻译学院，擅长翻译涉及互动娱乐领域的法律文件。