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 Minnesota Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form is a legal document used to transfer the ownership of overriding royalty interests (ORI's) across multiple leases without any reduction in proportion. This assignment allows for the seamless transfer of interests while maintaining the original proportions of the ORI's for each lease. Keywords: Minnesota, assignment, overriding royalty interest, ORI, multiple leases, no proportionate reduction, long form, transfer, ownership, legal document. Types of Minnesota Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form: 1. General Assignment: This type of assignment is used to transfer ORI's for multiple leases in Minnesota without any reduction in proportion. It ensures that the original proportions of the ORI's are preserved. 2. Specific Assignment: A specific assignment under this form allows for the transfer of ORI's for a particular set of leases in Minnesota without any proportionate reduction. It specifies the leases involved in the transfer. 3. Partial Assignment: In certain cases, only a part of the ORI's may be transferred. The Minnesota Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form also caters to partial assignments, ensuring that the proportionality is maintained. 4. Continuous Assignment: This type of assignment covers all ongoing or future leases in Minnesota where ORI's are involved. It allows for the transfer of interests as new leases are acquired without any reduction in proportion. Regardless of the specific type, the Minnesota Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form plays a crucial role in facilitating the smooth transfer of ownership of ORI's across various leases in Minnesota. It ensures that the original proportions are maintained, providing clarity and transparency in the transfer process.
