Kansas Purchase and Sale Agreement of Oil and Gas Properties and Related Assets

State:
Multi-State
Control #:
US-OG-251
Format:
Word; 
Rich Text
Instant download

Description

This form is used when Seller and Buyer are entering into a Purchase and Sale Agreement including all of the Seller's rights, title and interests in and to the oil, gas and other minerals in and under and that may be produced from the lands described in Exhibit "A" including, without limitation, interests in oil, gas and/or mineral leases covering any part of the lands, overriding royalty interests, production payments, and net profits interests in any part of the lands or leases, fee royalty interests, fee mineral interests, and other interests in oil, gas and other minerals in any part of the lands.

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  • Preview Purchase and Sale Agreement of Oil and Gas Properties and Related Assets
  • Preview Purchase and Sale Agreement of Oil and Gas Properties and Related Assets
  • Preview Purchase and Sale Agreement of Oil and Gas Properties and Related Assets
  • Preview Purchase and Sale Agreement of Oil and Gas Properties and Related Assets
  • Preview Purchase and Sale Agreement of Oil and Gas Properties and Related Assets
  • Preview Purchase and Sale Agreement of Oil and Gas Properties and Related Assets
  • Preview Purchase and Sale Agreement of Oil and Gas Properties and Related Assets
  • Preview Purchase and Sale Agreement of Oil and Gas Properties and Related Assets
  • Preview Purchase and Sale Agreement of Oil and Gas Properties and Related Assets
  • Preview Purchase and Sale Agreement of Oil and Gas Properties and Related Assets
  • Preview Purchase and Sale Agreement of Oil and Gas Properties and Related Assets

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FAQ

Hear this out loud PauseIn an asset purchase, the buyer agrees to purchase specific assets and liabilities. This means that they only take on the risks of those specific assets. This could include equipment, fixtures, furniture, licenses, trade secrets, trade names, accounts payable and receivable, and more.

Hear this out loud PauseThe asset purchase agreement is typically drafted by the buyer and seller of the assets. However, in some cases, it may be handled by an attorney.

At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.

What Must Be Included in a Kansas Real Estate Contract? Party information. The names and addresses of the parties involved in the transaction, including the buyer, seller, and any agents or brokers involved. Property description. ... Purchase price. ... Contingencies. ... Closing date. ... Disclosures.

What Must You Include in an Asset Purchase Agreement? Party information. Include the full legal names of the business, buyer, and seller in the opening paragraph. Definitions. ... Purchase price. ... Purchased assets. ... Representations and warranties. ... Dispute Resolution. ... Indemnification. ... Closing conditions.

Hear this out loud PauseDefinitions of the words and terms to be used in the legal instrument. Terms and conditions of the sale and purchase of the assets, including purchase price and terms of the purchase (full payment at close, down payment, subsequent payments, etc.) Terms and conditions of the closing of the agreement, if any.

At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.

Any purchase agreement should include at least the following information: The identity of the buyer and seller. A description of the property being purchased. The purchase price. The terms as to how and when payment is to be made. The terms as to how, when, and where the goods will be delivered to the purchaser.

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Kansas Purchase and Sale Agreement of Oil and Gas Properties and Related Assets