lesser interest clause

lesser-interest clause. Oil & gas. A provision in an oil-and-gas lease allowing the lessee to reduce payments proportionately if the lessor turns out to own less than 100% of the mineral interest. — Also termed proportionate-reduction clause.

---

词条贡献者

译者Lisa，毕业于美国顶尖的高级翻译学院，擅长翻译涉及体育及娱乐业领域的法律文件。