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Alberta decision highlights the need for caution in drafting royalty clauses
- Stikeman Elliott LLP
- -
- Canada
- -
- July 29 2010
In Canpar Holdings Ltd v. Petrobank Energy and Resources Ltd. and Gentry Resources Ltd., the Alberta Court of Queen's Bench considered a claim by a corporate petroleum and natural gas lessor against a lessee for failure to comply with a prescribed royalty schedule
