Alberta Trust Agreement for Gas Leases

Appoint a trustee to hold gas leases in trust for a beneficiary with this customizable template for Alberta oil and gas properties.

• The beneficiary is a party who has purchased the interest in the gas leases from the trustee.
• The trustee will continue to hold title to the leases in trust on behalf of the beneficiary.
• The beneficiary will be liable to the trustee for all costs and damages which the trustee may suffer or pay.
• The beneficiary agrees to indemnify and hold the trustee harmless against any claims, actions, costs, losses or damages arising from the trustee acting as trustee under the Agreement.

This Alberta Trust Agreement for Gas Leases is available as a fully editable MS Word template.