Common use of Registration of Interests Clause in Contracts

Registration of Interests. All documents pertaining to land interests of a reserve will be recorded in the First Nation Land Registry System (FNLRS). The FNLRS is: • Electronic • Provides for Instant Registration • Priority based • Paperless • Backed by Regulation (Unlike the Indian Act registry system) The FNLRS system and regulations are landmark achievements. These regulations made it possible for reserve to have greater land certainty, mortgageability, title insurance and drastically reduced or eliminated land transaction costs PROTECTION OF FIRST NATION LAND The preserving of the quantity and quality of existing First Nations lands is a fundamental principle of the Framework Agreement. Some aspects of this principle are summarized below:

Registration of Interests. All documents pertaining to land interests of a reserve will be recorded in the First Nation Land Registry System (FNLRS). The FNLRS is: •  Electronic •  Provides for Instant Registration •  Priority based •  Paperless •  Backed by Regulation (Unlike the Indian Act registry system) The FNLRS system and regulations are landmark achievements. These regulations made it possible for reserve to have greater land certainty, mortgageabilitymortgage ability, title insurance and drastically reduced or eliminated land transaction costs PROTECTION OF FIRST NATION LAND The preserving of the quantity and quality of existing First Nations lands is a fundamental principle of the Framework Agreement. Some aspects of this principle are summarized below:

Registration of Interests. All documents pertaining to land interests of a reserve will be recorded in the First Nation Land Registry System (FNLRS). The FNLRS is: • Electronic • Provides is electronic, provides for Instant Registration • Priority based • Paperless • Backed instant registration, priority based, paperless, backed by Regulation regulation (Unlike unlike the Indian Act registry system) ). The FNLRS system and regulations are landmark achievements. These regulations made it possible for reserve reserves to have greater land certainty, mortgageability, title insurance and drastically reduced or eliminated land transaction costs costs. PROTECTION OF FIRST NATION LAND The preserving of the quantity and quality of existing First Nations lands is a fundamental principle of the Framework Agreement. Some aspects of this principle are summarized below:

Registration of Interests. All documents pertaining to land interests of a reserve will be recorded in the First Nation Land Registry System (FNLRS). The FNLRS is: • Electronic • Provides for Instant Registration • Priority based • Paperless • Backed by Regulation (Unlike the Indian Act registry system) The FNLRS system and regulations are landmark achievements. These regulations made it possible for reserve to have greater land certainty, mortgageabilitymortgage ability, title insurance and drastically reduced or eliminated land transaction costs PROTECTION OF FIRST NATION LAND The preserving of the quantity and quality of existing First Nations lands is a fundamental principle of the Framework Agreement. Some aspects of this principle are summarized below: