Florida Letter in Lieu of Transfer Order
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FAQ
A letter sent to a buyer of oil and gas when a producing oil and gas property is sold. It directs the addressee to make the payments for the production directly to the new owner of the property. This letter is an alternative to traditional transfer orders.
To be in lieu of something is to replace it or substitute for it. A restaurant that's run out of clams might serve French onion soup in lieu of chowder.
