Licence assignments (transfers). A company that is party to a licence may wish to sell its interest, or a part of it, to another company. Any transaction in which one or more companies enters a licence, and/or one or more companies withdraws from it, is referred to in this guidance as a licence assignment.art I of the Petroleum Act 1998 (and before it, the 1934 Act) vests all rights to petroleum in the Crown, including the rights to search for, bore for and get it. It also empowers the Secretary of State to grant licences to search for and bore for and get petroleum to such persons as they see fit.
The common law can briefly be described as the part of English law that is derived from custom and judicial precedent, and is distinct from statutory law, equity law, and ecclesiastical law; or, in the U.S. jurisdiction, the body of English law as adopted and adapted by the different states.
Common-law marriage, also known as sui juris marriage, informal marriage, or marriage by habit and repute, is a legal framework in a limited number of jurisdictions where a couple is legally considered married, without that couple having formally registered their relation as a civil or religious marriage.arriages by Per Verba De Praesenti, sometimes known as common law marriages, were an agreement to marry, rather than a marriage. The Marriage Act of 1753 also did not apply to Britain's overseas colonies of the time, so common law marriages continued to be recognized in the future United States and Canada.