cessation-of-production clause
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?
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