You are viewing the translated version of अधिकार तथा उत्तरदायित्वको हस्तान्तरण.

Section 64
Transfer of Rights and Responsibilities
: (1) Without the prior approval of the Government of Nepal, the Contractor shall not transfer any or all of the rights and responsibilities under this Petroleum Agreement to anyone else.
(2) If the contractor wants to transfer some or all of the rights and responsibilities under this contract to someone else, he must submit an application to the Department for the approval of the Government of Nepal along with proof of the transferee's qualifications. Within sixty (60) days from the date of receipt of such application, the department will review the eligibility of the person who assumes the right and give approval or indicate the reason for rejection.
(3) Transfer of rights shall not be enforced until the parties have reached an agreement in the format prescribed by the Government of Nepal.