Contract Well Operating Agreement Errata (Sept 2014)
The PJVA highly recommends that the new Assignment wording which was adopted in the Emulsion and Water Handling Agreement be incorporated into the Gas Handling Agreement 2013 and in the Contract Well Operating Agreement.
This Errata will be implemented into the Agreement for 2015 version. PJVA strives for consistency in all agreements when possible and this is one clause that we feel should be consistent in Service Agreements.
Assignment Clause should read:
Either Party may assign this Agreement, including all rights and liabilities hereunder, at any time by providing the other Party with a fully executed instrument effecting such assignment, provided that no such assignment shall be effective unless the assignee agrees to be bound by the terms of this Agreement.