DOUBLE-FRACTION PROBLEM

glossary / DOUBLE-FRACTION PROBLEM

DOUBLE-FRACTION PROBLEM

double-fraction problem. Oil & gas. A common ambiguity that arises when the owner of a fractional interest conveys or reserves a fractional interest. ? For example, if the owner of an undivided half interest in minerals conveys ¡°an undivided half interest in the minerals,¡± it is unclear whether the intention is to convey the owner’s entire half interest or half of the owner’s half interest.
What is the legal equivalent of the term DOUBLE-FRACTION PROBLEM in Chinese?
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