• US Legal Forms

Assumption of Lessee's Obligations Under Oil and Gas Leases

State:
Multi-State
Control #:
US-OG-480
Format:
Word; 
Rich Text
Instant download

Description

This provision provides that the assignee agrees to carry out all of the express and implied undertakings contained in the oil and gas leases and imposed on the original Lessees, and indemnify and hold Assignor harmless from and against Assignees failure to comply with the terms of the leases.

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Assumption of Lessee's Obligations Under Oil and Gas Leases