This form is used when an Agent declares and acknowledges that the consideration for an Assignment should accrue to the benefit of Principal, and that Principal is the owner of the reserved interest in the Assignment. To give effect to declaration, Agent, as Assignor, grants, sells, and assigns to Principal, as Assignee, all of Agent's interest in the Lease and the interest reserved by Agent in the Assignment.
Oklahoma Declaration That Oil and Gas Lease Was Acquired by Agent For Principal
Category:
State:
Multi-State
Control #:
US-OG-313
Format:
Word;
Rich Text
Instant download
Description
How to fill out Declaration That Oil And Gas Lease Was Acquired By Agent For Principal?
Are you presently in a place in which you require paperwork for both organization or personal reasons virtually every day? There are a lot of authorized papers themes available on the Internet, but getting kinds you can rely isn`t effortless. US Legal Forms provides 1000s of kind themes, such as the Oklahoma Declaration That Oil and Gas Lease Was Acquired by Agent For Principal, which can be created to meet federal and state specifications.
When you are already familiar with US Legal Forms website and possess a free account, merely log in. After that, you can obtain the Oklahoma Declaration That Oil and Gas Lease Was Acquired by Agent For Principal template.
If you do not have an account and want to begin to use US Legal Forms, adopt these measures:
- Discover the kind you want and make sure it is for that proper area/county.
- Use the Review button to review the shape.
- Look at the description to actually have chosen the appropriate kind.
- If the kind isn`t what you are trying to find, utilize the Look for area to get the kind that meets your needs and specifications.
- When you find the proper kind, click on Purchase now.
- Pick the costs strategy you would like, fill in the required details to generate your money, and pay for the order utilizing your PayPal or bank card.
- Decide on a handy file format and obtain your copy.
Discover all the papers themes you have bought in the My Forms menu. You can aquire a further copy of Oklahoma Declaration That Oil and Gas Lease Was Acquired by Agent For Principal whenever, if possible. Just select the essential kind to obtain or print the papers template.
Use US Legal Forms, probably the most considerable assortment of authorized forms, in order to save time as well as stay away from errors. The assistance provides skillfully manufactured authorized papers themes that you can use for a selection of reasons. Produce a free account on US Legal Forms and commence making your life a little easier.
Form popularity
FAQ
What is the granting clause? The granting clause is the clause under which the owner of the oil and gas rights leases the oil and gas rights to the oil and gas company along with the right to develop the oil and gas on a specifically described piece of real estate.
Granting Clause: The clause in the deed that lists the grantor and the grantee and states that the property is being transferred between the parties.
An assignment of oil and gas lease is a contractual agreement between a landowner and an oil or gas company in which the company gains the right to explore for, develop, and produce oil and gas from the property.
A ?special warranty? is a covenant made by the lessor to defend the lessee against encumbrances or clouds on the oil and gas title created by the lessor during his ownership of the estate. The protection offered by this warranty is therefore limited to those title defects caused or created by the lessor himself.
in clause (or shutin royalty clause) traditionally allows the lessee to maintain the lease by making shutin payments on a well capable of producing oil or gas in paying quantities where the oil or gas cannot be marketed, whether due to a lack of pipeline connection or otherwise.
Granting Clause: This clause specifies: (a) the land that is being leased; (b) which minerals are being leased (oil, gas, uranium, etc.); and (c) and what rights the production company has to use the surface land in an effort to produce the leased minerals.
