Alaska Affidavit As to Termination of Production Payment

State:
Multi-State
Control #:
US-OG-171
Format:
Word; 
Rich Text
Instant download

Description

An affidavit is statement of facts which is sworn to (or affirmed) before an officer who has authority to administer an oath (e.g. a notary public). This affidavit form is used when the Production Payment is deemed to have been satisfied and no longer burdens the Oil and Gas Leases on the Land.

An Alaska Affidavit As to Termination of Production Payment is a legal document used in the state of Alaska to terminate a production payment. It is typically used in the oil and gas industry and is a crucial step in the process of terminating a production payment agreement. The Alaska Affidavit As to Termination of Production Payment declares that the production payment, which is an interest in the revenue derived from the production and sale of oil or gas, is being terminated. This document is executed by the holder of the production payment or their legal representative and must comply with the relevant Alaskan laws and regulations. There are different types of Alaska Affidavit As to Termination of Production Payment based on the specific circumstances of the termination. Some common types include: 1. Voluntary Termination: This type of affidavit is used when the holder of the production payment voluntarily decides to terminate the agreement. It could be due to various reasons, such as the completion of the agreed-upon payment term or the satisfaction of other contractual conditions. 2. Breach of Contract: In the event of a breach of contract by either party, the non-breaching party may choose to terminate the production payment. The Alaska Affidavit As to Termination of Production Payment in this case outlines the specific breach of contract and the legal basis for termination. 3. Non-Performance: If the party responsible for making the production payment fails to do so or does not meet the agreed-upon terms and conditions, the other party may decide to terminate the payment. This type of affidavit would detail the non-performance issues and the reasons for termination. 4. Mutual Agreement: Sometimes, both parties may come to an agreement to terminate the production payment outside the original contract terms. In such cases, both parties would execute the Alaska Affidavit As to Termination of Production Payment reflecting their mutual decision to terminate the agreement. It's important to consult with a qualified attorney or legal expert familiar with Alaskan laws and regulations when drafting an Alaska Affidavit As to Termination of Production Payment to ensure compliance and accuracy.

How to fill out Alaska Affidavit As To Termination Of Production Payment?

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There are 4 reasons for reconsideration: The court has overlooked, misapplied or failed to consider a statute, decision or principle directly controlling. ... The court has overlooked or misconceived some material fact or proposition of law. ... The court has overlooked or misconceived a material question in the case.

Rule 77 - Motions (a)Service. All motions, orders to show cause, petitions, applications and every other such matter shall be served upon the adverse party, or, after the adverse party has appeared by counsel, upon counsel for the adverse party.

(1)Contact with Child. The guardian ad litem may meet with the child as often as necessary to ascertain and represent the child's best interests. An attorney for a party shall not have independent contact with the child without the consent of the guardian ad litem or a court order.

Civil Rule 89 (a} is amended to provide: (a} Prejudgment Attachment; Availability. After a civil action is commenced, the plaintiff· may apply to the court to have the property of the defendant attached under AS 09.40.

Rule 11 - Signing of Pleadings, Motions, and Other Papers (a) Signature. Every pleading, written motion, and other paper must be signed by at least one attorney of record in the attorney's name--or by a party personally if the party is unrepresented.

A parent or guardian of a minor who has a claim against another person has the power to execute a full release or a covenant not to sue, or to execute a stipulation for entry of judgment on such claim.

Rule 69 - Execution-Examination of Judgment Debtor-Restraining Disposition of Property- Execution After Five Years (a)Execution -- Discovery. Process to enforce a judgment shall be by a writ of execution, unless the court directs otherwise.

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Alaska Affidavit As to Termination of Production Payment