This form is used when an Assignor transfers, assigns, and conveys to Assignee an overriding royalty interest in the Leases and all oil, gas, and other minerals produced, saved, and marketed from the Lands and Leases equal to a percentage of 8/8 (the Override ).
The Michigan Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form is a legal document used to transfer the rights to receive royalty payments from multiple leases in the state of Michigan. This assignment allows the assignee to enjoy the benefits of the overriding royalty interest without any proportionate reduction. Keywords: Michigan, assignment, overriding royalty interest, multiple leases, no proportionate reduction, long form, legal document, transfer, rights, royalty payments, assignee. Different types of Michigan Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form may include: 1. Individual Assignments: — This type of assignment involves the transfer of overriding royalty interest for multiple leases from an individual assignor to an assignee. 2. Corporate Assignments: — A corporate assignment refers to the transfer of overriding royalty interest for multiple leases from a corporation or business entity to another party. 3. Partial Assignments: — In certain cases, only a portion of the overriding royalty interest may be assigned, allowing the assignee to receive a proportionate share of royalty payments from the specified leases. 4. Full Assignments: — A full assignment entails the transfer of the entire overriding royalty interest from the assignor to the assignee, granting the assignee exclusive rights to all royalty payments related to the designated leases. 5. Limited Time Assignments: — This type of assignment limits the assignee's rights to receive royalty payments for a specific period, after which the rights revert to the assignor. 6. Non-Exclusive Assignments: — A non-exclusive assignment allows the assignor to assign the overriding royalty interest to multiple assignees, enabling them to receive a proportionate share of the royalty payments. Overall, the Michigan Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form is a comprehensive legal document that ensures a smooth transfer of rights and obligations related to overriding royalty interests in multiple leases in the state of Michigan, without any reduction in proportionate shares.
