Common use of Ownership, Obligations and Liabilities Clause in Contracts

Ownership, Obligations and Liabilities. 3.3.1 Unless otherwise provided in this Agreement, all the rights and interests in and under the Licenses, all Joint Property and any Petroleum produced from the Licenses shall be owned by the Parties in accordance with their respective Percentage Interests.

Appears in 3 contracts

Samples: Joint Operating Agreement (Avenue Group Inc), Joint Operating Agreement (Avenue Group Inc), Joint Operating Agreement (Avenue Group Inc)

AutoNDA by SimpleDocs

Ownership, Obligations and Liabilities. 3.3.1 3.3.A Unless otherwise provided in this Agreement, all the rights and interests in and under the LicensesLicence, all Joint Property Property, and any Petroleum Hydrocarbons produced from the Licenses shall Contract Area shall, subject to the terms of the Licence, be owned by the Parties in accordance with proportion to their respective Percentage Participating Interests.

Appears in 1 contract

Samples: Joint Operating Agreement (Discovery Energy Corp.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.