Legal Note definition

Legal Note. The information contained in this Smart Insight newsletter is of general nature and does not constitute legal advice.

Legal Note. The definition of Revenue is needed since the PSC is now being shifted and changed to a revenue sharing contract. Hence, in the absence of a clear indication of what constitutes Revenue there will always be a dispute over what is being shared with the Government. Since Government is the owner of the petroleum and is appointing the operator to undertake the Petroleum Operation, the Operator is acting as a contractor and will be holding and dealing with the petroleum in a fiduciary capacity with the Government. The Supreme Court has clearly stated that oil and natural gas are natural assets and are not private property therefore when the regime is shifted from a production sharing to a revenue sharing, all revenue that is earned on account of the petroleum or the petroleum operations, or the right vested by the government in relation to the petroleum operations would be revenue required to be shared with the government since the government is the owner of the petroleum and the custodian of the right to undertake petroleum operations and thereby the authority granting the said right. Failure to capture or account for all revenue generated from Petroleum and Petroleum Operations would be liable to the misinterpreted as causing a loss of public monies. This situation does not arise in a production sharing structure since the nature of the risk being taken and shared are different than under a revenue sharing arrangement. The comments received do not seem to have been made in awareness of the change in legal regime and legal obligations associated with revenue sharing while dealing with a public asset such as oil and petroleum. The comments suggesting shifting to the concept of petroleum saved and sold, instead of petroleum produced and saved, are in effect requiring a policy decision to be taken under which the contractor is being exempted from his fiduciary obligation of handling a public asset vested with the government during its production stage and instead requiring the obligation to be imputed only in relation to the extent of oil actually saved and sold. The nature of such a policy decision cannot be taken by the executive alone, and will have to be guided by the law as laid down by Supreme Court in various judgments which clearly impose the character of public ownership and the vesting of the same with the Government in oil and natural gas at each stage of its production and not merely once it has been saved and sold. In order to make this policy decisi...

Legal Note. The volunteer situation is assessed in practice in relation to the absence of remuneration or compensation and the absence of any subordination between voluntary and Bondo USA. Preamble Bondo USA American law organization is a corporation nonprofit completing the following tasks (assistance to needy children in DRC Congo Kasai / support for educational development projects and others) It is understood that: - The Volunteer has no direct interest in the business of Bondo USA or results; - Bondo USA is not the previous employer Volunteer; - The activity occupied by the Volunteer does not replace a volunteer job and remains fully compatible with a job search; - Volunteer activity is exercised is free.

Examples of Legal Note in a sentence

• Legal Note: Moberly Public Schools consider the building principal of each school as the attendance officer and legal agent of that school in charge of attendance.

• Legal Note: The OVSC Test Procedures are prepared for the limited purpose of use by independent laboratories under contract to conduct compliance tests for the OVSC.

• In the event that either party hereto shall be delayed or hindered in or prevented from the performance of any term, covenant, or act required hereunder by reason beyond the control of the party affected, including, without Legal Note A “right of first refusal” clause in an agreement requires the landlord to notify the tenant in the event the landlord receives a third party offer to purchase the property, giving the farmer tenant the option to buy before any third party offer is accepted.

• Likewise, you can consult Legal Note 12, A preliminary overview of the 10 standard clauses in collective bargaining for the provi-TELEWORKING GUIDE sion of services through telework in local councils (Nota Juríd- ica 12, Una primera aproximació a les 10 clàusules tipus en la negociació col·lectiva per la prestació de serveis en la modalitat de teletreball en els Ajuntaments), on the website of the Local Government Support Department.

• Legal Note Together Clauses (4) and (5) restrict the tenant to business activities and premises specified in the agreement; and may be drafted to include restrictions on farm or environmental practices, such as agricultural BMPs, soil management and water conservation practices.

• Today’s Agenda • Introduction• Legal perspectives• Safety perspectives• Q&A Legal Note: The information contained in this document does not convey legal advice of any kind.

• Dennis, FDA And DTC Advertising: Changes, Challenges & Constitutional Scrutiny (Washington Legal Foundation Contemporary Legal Note, 1999); Steven J.

• At December 31, 2005 there was $50,000 and $329,198 outstanding under the PRF Legal Note and PRF Note (collectively the “PRF Notes”), respectively.

• Legal Note (4) to Group 12 (see paragraph 5.1) excludes spectacles and contact lenses from zero-rating.

• Preparation of Legal Note regarding to the Precautions and Rules in terms of Occupational Health and Safety during covid-19 pandemic period.