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.
专业法律词汇 词条贡献者
译员Terence,毕业于国内顶尖法学院,擅长翻译有关能源和自然资源领域的法律文件。
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