Alabama Reservation of A Call on, Or Preferential Right to Purchase Production by Lessor

State:
Multi-State
Control #:
US-OG-820
Format:
Word; 
Rich Text
Instant download

Description

This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.

How to fill out Reservation Of A Call On, Or Preferential Right To Purchase Production By Lessor?

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FAQ

The public works bidding process generally involves the submittal of sealed bids by all bidders on a specific date and to a specific place prior to an ironclad time deadline. The bids are then opened and read, and typically the lowest bidder is awarded the contract and becomes the general contractor.

Section 41-16-50 - Contracts for which competitive bidding required (a) With the exception of contracts for public works whose competitive bidding requirements are governed exclusively by Title 39, all expenditure of funds for labor, services, work, or for the purchase of materials, equipment, supplies, or other ...

ALABAMA BID LAWS State law requires that certain expenditures of city and county school boards are subject to competitive biddin. Page 1. ALABAMA BID LAWS. State law requires that certain expenditures of city and county school boards are subject to competitive. bidding.

$15,000 or more state law requires school boards to select a vendor by a sealed bid process. but applies to the aggregate purchase of $15,000 or more of like items over a period of time, generally one year. purchasing cooperatives without the school board requesting sealed bids.

An assignment of oil and gas lease is a contractual agreement between a landowner and an oil or gas company in which the company gains the right to explore for, develop, and produce oil and gas from the property.

Section 39-2-12 - Partial and Final Payments of Contractors by Awarding Authorities. Section 39-2-13 - Promulgation of Rules and Regulations by Awarding Authorities. Section 39-2-14 - Registration of Out-of-State Contractors Required; Deposit; Surety Bond.

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Alabama Reservation of A Call on, Or Preferential Right to Purchase Production by Lessor