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pugh clause

Pugh clause. Oil & gas. A provision in an oil-and-gas lease modifying the effect of most lease-pooling clauses by severing pooled portions of the lease from unpooled portions of the lease. • Drilling or production on a pooled portion will not maintain the lease for the unpooled portions. The clause is named for Lawrence G. […]

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gens

gens (jenz), n. [Latin] Roman law. A clan or group of families who share the same name and (supposedly) a common ancestor; extended family. • Members of a gens are freeborn and possess full civic rights. Pl. gentes. “A wider group still is the gens, of great importance in early law though its importance was

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clear

clear, adj. 1. Free from encumbrances or claims. 2. Free from doubt; sure. 3. Unambiguous. clear, vb. 1. To acquit or exonerate (she was cleared of all wrongdoing). 2. (Of a drawee bank) to pay (a check or draft) out of funds held on behalf of the maker (the bank cleared the employee’s check). 3.

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contenement

contenement (k[schwa]n-ten-[schwa]-m[schwa]nt). Hist. 1. Freehold land held by a feudal tenant, esp. land used to support the tenant. • Magna Carta exempted this property from seizure. “Contenement, (contenementum) seemeth to be the free hould land, which lyeth to a mans tenement or dwelling house, that is in his owne occupation. For magna carta. ca. 14.

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legatory

legatory (leg-[schwa]-tor-ee), n. Hist. The one-third portion of a freeman’s estate in land that he could dispose of by will. • The other two portions of the estate were subject to claims of the wife and children.

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delivered ex quay

delivered ex quay. A mercantile-contract term allocating the rights and duties of the buyer and the seller of goods with respect to delivery, payment, and risk of loss, whereby the seller must (1) clear the goods for export, (2) bear the costs of transportation to the port named by the importing buyer, and (3) place

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shield law

shield law. 1. A statute that affords journalists the privilege not to reveal confidential sources. See journalist’s privilege under PRIVILEGE(3). [Cases: Witnesses 196. 1. C.J.S. Witnesses § 358.] “More than half of the states have ‘shield laws’ creating ‘reporters’ privileges’ that are sometimes broader than the First Amendment version of that privilege.” David A. Anderson,

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