Oil & gas. A lease provision that specifies what the lessee must do to maintain the lease if production stops.
? The purpose of the clause is to avoid the uncertainties of the tempo-rary-cessation-of-production doctrine. Cf. TEMPORARY-CESSATION-OF-PRODUCTION DOCTRINE. [Cases: Mines and Minerals 78.1(9). C.J.S. Mines and Minerals ¡ì¡ì 260¨C263.]
What is the Chinese interpretation of cessation-of-production clause?
LegalLingo, a Shanghai-based translation agency, is a recognized leader in comprehensive legal language solutions for the legal industry. We provide the world’s leading law firms and corporate legal teams with a full suite of services, ranging from the translation of contracts and compliance documentation to full-scale multilingual litigation requiring certified translation and Chinese document review. We deliver customized legal document translation solutions based on your case’s size and budget requirements, utilizing industry-leading technology to ensure accuracy, lower costs and faster turnaround times.