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

译员Shifang，毕业于国内一流的高级翻译学院，专注翻译各种与员工福利与高管薪酬有关的法律文件。