Common use of Partial Assignment Clause in Contracts

Partial Assignment. If any assignment of a portion of the land covered hereby shall be approved, a new lease shall be issued to the assignee covering the assigned land, containing the same terms and conditions as this lease, and limited as to term as this lease is limited, and the assignor shall be released and discharged from all further obligations and liabilities as to that portion so assigned.

Appears in 60 contracts

Sources: Oil and Gas Lease, Oil and Gas Lease, Oil and Gas Lease