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LSDefine

Simple English definitions for legal terms

warranty clause

Read a random definition: ad admittendum clericum

A quick definition of warranty clause:

A warranty clause is a part of a contract that promises something. In the oil and gas industry, it is a part of a lease that says the person who owns the land promises that they own it without any problems and will protect it. If they break this promise, they may have to pay the person who leased the land. This clause can also make sure that any new things the owner gets on the land will belong to the person who leased it.

A more thorough explanation:

A warranty clause is a part of a contract that contains a guarantee or promise made by one party to another. This clause is often included in oil and gas leases, where the lessor promises that the title to the property is free from any defects and agrees to defend it.

For example, if a person leases a piece of land for oil and gas exploration, the lessor may include a warranty clause in the lease agreement. This clause would guarantee that the lessor has the legal right to lease the property and that there are no other claims or liens on the property that would prevent the lessee from using it for its intended purpose.

If the warranty is breached, the lessor may be held liable to the lessee for any damages suffered as a result. This means that if the lessee discovers a defect in the title or a competing claim to the property, the lessor may be required to compensate the lessee for any losses incurred.

The presence of a warranty in an oil and gas lease can also have other legal implications. For example, it may cause after-acquired interests to pass from the lessor to the lessee by application of estoppel by deed. This means that if the lessor acquires additional interests in the property after the lease is signed, those interests may automatically transfer to the lessee.

warrant upon indictment or information | warren

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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