Puerto Rico Seismic Agreement Allowing Third Party to Conduct Seismic Operation on Grantor's Lease
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How to fill out Puerto Rico Seismic Agreement Allowing Third Party To Conduct Seismic Operation On Grantor's Lease?
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FAQ
There are three major types of seismic surveys: refraction, reflection, and surface-wave depending on the specific type of waves being utilized.
An option agreement sets out a definitive timescale - and can also provide for an up-front payment as an incentive to the owner to create the opportunity. Your community body requires time to put together a funding package for a property acquisition and/or its subsequent development .
The option agreement is a legally binding contract entered by two parties, one seller and the other buyer of the option, where the contract outlines that one party has the right but not the obligation to buy or sell the asset and also defines each party's responsibilities to the other which must be honored till either ...
Seismic Option or "Option" means an agreement which entitles a Party to conduct 3-D Seismic Operations on a portion of the Contract Lands with an option to acquire a Lease covering all or a portion of such lands.