Working interest

Definition
: the interest of a party that holds the right to oil, gas, or minerals on a property and that bears production costs
see also overriding royalty
2  : a specific concern or level of involvement (as financial involvement) esp. that warrants recognition or causes bias <had a right to intervene because of an ~ in the litigation> <recused himself due to an ~ in the matter>
see also conflict of interest
3  : something that causes or warrants particular attention: as
a  : a principle, purpose, or object of concern



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Based on Merriam-Webster's Dictionary of Law ©2001.
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intrinsic fraud

fraud (as by the use of false or forged documents, false claims, or perjured testimony) that deceives the trier of fact and results in a judgment in favor of the party perpetrating the fraud


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