Title Expert Clause Samples
The "Title Expert" clause designates a specific individual or entity as the authority responsible for reviewing and confirming the status of legal title to property involved in a transaction. Typically, this expert examines title documents, identifies any defects or encumbrances, and issues a report or opinion on the validity and marketability of the title. By assigning this responsibility, the clause ensures that all parties have confidence in the ownership status of the property, thereby reducing the risk of disputes or unforeseen claims related to title.
Title Expert. The determination of a disputed title matter shall be conducted by a single title expert (“Title Expert”). The Title Expert shall be neutral, not an affiliate, employee or currently engaged consultant of either Party (nor of any of their Affiliates), and shall be an oil and gas title attorney with at least ten (10) years of experience examining title to oil and gas properties in the geographic area where the Assets subject to such dispute are located.
Title Expert. The determination shall be conducted by a single title expert (the “Title Expert”). The Title Expert shall be neutral, not an affiliate, employee or consultant of either Party and shall be a title attorney with at least ten (10) years of title experience who practices oil and gas law in the Rocky Mountain area.