Title: North Dakota Fresh Water Purchase Agreement Between Landowner and Operator For Use of Landowner's Water in Secondary Recovery Operations — Short Form Keywords: North Dakota, Fresh Water Purchase Agreement, Landowner, Operator, Secondary Recovery Operations, Short Form 1. Introduction to the North Dakota Fresh Water Purchase Agreement: This article provides a detailed description of the North Dakota Fresh Water Purchase Agreement, which is a legally binding contract between a landowner and an operator for the use of the landowner's water in secondary recovery operations. This agreement aims to establish a clear framework for the transfer and usage of fresh water resources to enhance oil recovery operations in North Dakota. 2. Purpose of the Agreement: The purpose of the North Dakota Fresh Water Purchase Agreement is to outline the terms and conditions under which the operator can access and utilize the landowner's freshwater resources for secondary recovery operations. The agreement aims to ensure mutual benefit, environmental protection, and adherence to state regulations. 3. Components of the Agreement: a. Parties Involved: This section identifies the landowner and the operator entering into the agreement, along with their contact details and legal representation, ensuring clear communication channels. b. Property Description: Provides a detailed description of the land and its water sources, allowing for precise identification and use. c. Water Usage Terms: Defines the quantity and frequency of water usage, as well as any limitations or restrictions imposed by the landowner or enforced by state regulations. d. Water Transfer and Payment: Specifies the method of water transfer, including rights-of-way, pipelines, or other means, along with the agreed-upon payment terms and schedule. e. Liability and Indemnification: Outlines the responsibilities and liabilities of each party regarding damages, accidents, or regulatory compliance, and establishes indemnification procedures. f. Term and Termination: Specifies the duration of the agreement, conditions for renewal or termination, and procedures to be followed in case of non-compliance. g. Governing Law and Jurisdiction: Indicates the applicable laws of North Dakota and the jurisdiction for dispute resolution. 4. Types of Short Forms: a. Basic Short Form: An overview of the primary clauses and key provisions, providing a concise version of the agreement suitable for quick reference. b. Comprehensive Short Form: A more detailed version of the agreement, including additional clauses and provisions for thorough understanding and comprehensive coverage. The North Dakota Fresh Water Purchase Agreement is a significant document that establishes a fair and mutually beneficial arrangement between landowners and operators regarding the use of water resources for secondary recovery operations. It ensures accountability, facilitates environmental conservation, and promotes sustainable practices within the oil industry in North Dakota.
North Dakota Fresh Water Purchase Agreement Between Landowner and Operator For Use of Landowner's Water in Secondary Recovery Operations - Short Form
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