Common use of Undivided Share in Rights and Obligations Clause in Contracts

Undivided Share in Rights and Obligations. The assignment, in whole or in part, of the Agreement shall always represent an undivided share in the Contracted Party`s rights, observing the joint liability between the assignor and the assignee under the Applicable Laws and Regulations.

Appears in 6 contracts

Samples: Transfer of Rights Surplus Production Sharing Agreement, Transfer of Rights Surplus Production Sharing Agreement, Transfer of Rights Surplus Production Sharing Agreement

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Undivided Share in Rights and Obligations. The assignment, in whole or in part, of the Agreement Contract Area shall always represent an undivided share in the Contracted Party`s rights, observing the joint liability between the assignor and the assignee under the Applicable Laws and Regulations.

Appears in 4 contracts

Samples: Production Sharing Agreement, Production Sharing Agreement, Production Sharing Agreement

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