This form is used when an Assignor transfers, assigns and conveys to Assignee an overriding royalty interest in all of the oil, gas, and other minerals produced, saved, and marketed from all of the Lands and Leases equal to a determined amount (the Override ), reserving the right to pool the assigned interest.
Maine Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form is a legal document that pertains to the transfer of a party's overriding royalty interest in an oil or gas lease to another entity while reserving the right to pool said interest. This type of assignment allows the assignor to retain the right to combine their assigned interest with other oil or gas properties for the purpose of more efficient production. The Short Form of the Maine Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest is a simplified version of the document, providing a concise and straightforward agreement that outlines the terms and conditions of the assignment. It ensures the efficient transfer of the overriding royalty interest between the assignor and the assignee. Keywords: Maine, Assignment of Overriding Royalty Interest, Assignor, Reserves the Right, Pool, Assigned Interest, Short Form, Oil, Gas, Lease, Transfer, Entity, Royalty, Properties, Production, Terms, Conditions, Agreement, Assignee. Different types or variations of Maine Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form may include: 1. Individual Assignor: In this case, the assignor is an individual rather than a company or organization. The terms and conditions would still remain the same, but the parties involved would be different. 2. Entity Assignor: This type involves a company or organization as the assignor. The document would be tailored to reflect the appropriate language and clauses relevant to business entities. 3. Multiple Assignor Parties: If there are multiple assignors involved in the assignment, the document would need to address the rights and responsibilities of each party, as well as any additional clauses required to accommodate their unique circumstances. 4. Specific Property Assignment: This variation of the assignment focuses on the transfer of overriding royalty interest tied to a specific oil or gas property. The document would contain provisions detailing the exact property and its corresponding interests. It is important to consult with legal professionals to ensure the accuracy and validity of any Maine Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form, as specific circumstances may require additional or modified provisions.
