secondary term

secondary term. Oil & gas. The term of an oil-and-gas lease after production has been established, typically lasting “as long thereafter as oil and gas is produced from the premises.” See HABENDUM CLAUSE; PRIMARY TERM.

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词条贡献者

双语律师Pablo，国际知名法学院法律专业，擅长翻译涉及高端品牌及消费品领域的法律文件。