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.
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.