entirety clause

entirety clause. Oil & gas. A mineral-lease or deed provision specifying that royalties must be apportioned if the property is subdivided after the lease is granted. • For the lessee, the clause makes it clear that the lessee’s duties will increase if the lessor transfers a part of the leased premises. For the lessor, the clause avoids the nonapportionment rule.

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词条贡献者

双语律师Benita，国际知名法学院金融专业，擅长翻译各类与项目开发及融资相关的法律文件。