Documents Expert

Use this template to prepare a Purchase and Sale Agreement for petroleum and natural gas rights in the Province of Alberta. Provisions of the contract include: Vendor will prepare the specific conveyances, at its cost. Vendor will remit the GST payable on the transaction. The closing is subject to several conditions, including satisfactory completion of Purchasers review. Representations and warranties of each party to the other. Indemnity of each party by the other. Operating costs and proceeds will be adjusted as of the adjustment date, and the purchase price adjusted accordingly. Vendor will maintain the assets in accordance with good oil field practice until the closing and will not make any commitments or expenditures in excess of a specified amount without the consent of Purchaser. Vendor will give appropriate notice to third parties with rights of first refusal. This is a Canadian oil and gas document, in MS Word format.