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.
Missouri Reservation of a Call on, Or Preferential Right to Purchase Production by Lessor is a legal provision that grants the landowner (lessor) the right to purchase a portion or the entire production from the leased property before it is sold to other parties. This reservation allows the lessor to retain control over the production and ensure they receive the benefits from the resources extracted from their land. Keywords: Missouri, Reservation, Call on, Preferential right, Purchase production, Lessor, Landowner, Leased property, Resources, Benefits. Types of Missouri Reservation of a Call on, Or Preferential Right to Purchase Production by Lessor: 1. Partial Reservation: In this type, the lessor reserves the right to purchase only a certain percentage or quantity of the production. This allows the lessor to receive a predetermined portion while allowing the lessee (party extracting the resources) to sell the remaining production to other buyers. 2. Total Reservation: With total reservation, the lessor retains the right to purchase the entire production from the leased property. This gives the lessor complete control and ownership over the resources extracted. 3. Limited Time Reservation: In some cases, the lessor may reserve the right to purchase the production for a specific period. This limitation allows the lessor to monitor the market conditions and make a decision regarding the purchase within a certain timeframe. 4. Conditional Reservation: This type of reservation is subject to specific conditions or criteria set by the lessor. For example, the lessor may choose to exercise the right to purchase only if the production reaches a certain quantity, price, or quality. 5. Non-Exclusive Reservation: In this type, the lessor's right to purchase the production is non-exclusive or non-binding. The lessee may have the option to sell the production to other parties as well, highlighting a more flexible arrangement. It is important to consult legal professionals well-versed in Missouri state laws and regulations to fully understand the implications and intricacies of the Missouri Reservation of a Call on, Or Preferential Right to Purchase Production by Lessor.
