fixed term leaseglossary / FIXED-TERM LEASE fixed-term lease. Oil & gas. An oil-and-gas lease for a fixed period of time, lacking the indefinite “so long thereafter” provision commonly found in such leases. Cf. HABENDUM CLAUSE. 词条贡献者 法律翻译文楷,毕业于新加坡知名法学院,专注翻译各类与合并许可有关的法律文件。