A royalty holder must make reasonable inquiries to confirm that a royalty has been properly paid and will be limited to a two-year recovery if not, the Alberta Court of Appeal has ruled in Canadian Natural Resources Limited v Jensen Resources Ltd, 2013 ABCA 399. Published in the September 2014 edition of Nexus, the magazine of the Canadian Association of Petroleum Land Administration.
Article
Damages for Royalty Error Limited to Two Years
Ignorance of Mistake May Not Stop Limitations Clock
September 30, 2014
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