This form is used to when it has been discovered that through a drafting error the (Fraction or Percentage ) interest in the mineral estate conveyed in a Deed was stated incorrectly. It is the purpose of this instrument and the intention of Grantor and Grantee to correct this error, and to accurately state the actual mineral interest intended to be conveyed by the Deed.
Keywords: Oklahoma, Correction to Mineral Deed, Interest Conveyed, types Description: An Oklahoma Correction to Mineral Deed As to Interest Conveyed is a legal document used to rectify any errors or inaccuracies in the original mineral deed pertaining to the conveyed interest. It allows the parties involved to make necessary corrections and ensure the accurate representation of the interests held in mineral rights. There are various types of Oklahoma Correction to Mineral Deed As to Interest Conveyed that can be utilized depending on the specific situation. Some common types include: 1. Clerical Errors: This type of correction is used when there are minor mistakes in the original mineral deed, such as typographical errors, misspellings, or incorrect property descriptions. The correction ensures that all information is accurate and properly reflects the interests conveyed. 2. Omitted Interests: Sometimes, certain interests or portions of mineral rights may have been unintentionally omitted from the original deed. A Correction to Mineral Deed can be employed to include these omitted interests and rectify any incomplete conveyances. 3. Incorrect Interest Percentages: If the original mineral deed contains errors in terms of the interest percentages conveyed, a Correction to Mineral Deed can be used to rectify these inaccuracies. This ensures that each party holds the correct and rightful share of the mineral rights. 4. Mistaken Identity: In some cases, there might be confusion or mistaken identity regarding the parties involved in the original mineral deed. This type of Correction to Mineral Deed is utilized to rectify any discrepancies in the identification of individuals or entities, thereby ensuring clarity and accuracy. The Oklahoma Correction to Mineral Deed As to Interest Conveyed is a crucial legal document that allows parties to correct mistakes, address omissions, and ensure the accurate representation of interests conveyed in the mineral rights. It helps to maintain transparency and eliminates any uncertainties or disputes that may arise from errors in the original mineral deed.
