Alberta Partial Assignment and Novation Agreement

Transfer a part interest in oil and gas rights under this Assignment and Novation Agreement for properties in Alberta.

• One party (assignor) assigns a portion of its rights and interest in certain oil and gas properties to another party (assignee).
• The assignor novates the assignee as a party to the original agreement under which the assignor acquired its interest.
• All other parties to the original agreement waive their pre-emptive rights.
• The template is for the Province of Alberta, but can be easily adapted for oil and gas rights in other areas.

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