Gathering System Term Clause Samples

The 'Gathering System; Term' clause defines the duration and operational parameters of a system used to collect and transport resources, such as oil or gas, from production sites to processing or delivery points. It typically outlines the start and end dates of the agreement, specifies the assets or infrastructure included in the gathering system, and may address conditions for extension or early termination. This clause ensures both parties understand the timeframe and scope of the gathering services, thereby providing certainty and managing expectations regarding the use and maintenance of the system over the contract term.