double fraction problem

double-fraction problem. Oil & gas. A common ambiguity that arises when the owner of a fractional interest conveys or reserves a fractional interest. • For example, if the owner of an undivided half interest in minerals conveys “an undivided half interest in the minerals,” it is unclear whether the intention is to convey the owner’s entire half interest or half of the owner’s half interest.

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词条贡献者

法律翻译David，毕业于美国顶尖的高级翻译学院，专注翻译各类与电子证据开示与文件保全有关的法律文件。