This is a form of a Memorandum to give notice of the existence of an unrecorded Exploration Agreement between parties. The Agreement grants each Party a preferential right to purchase the other Party's interest in the lands and leases comprising the Prospect on the occurrence of certain events.
Puerto Rico Memorandum of Exploration Agreement and Notice of Preferential Purchase Right
Category:
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Multi-State
Control #:
US-OG-649
Format:
Word;
Rich Text
Instant download
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When Puerto Rico became a US territory, it incorporated the common law system. This created a mixed legal system in which common law and civil law are blended. This system is what prevails today. Civil law is applied for family law, divorce, child custody, real property law, and contractual law, among others.
Federal taxes. Residents of Puerto Rico are required to pay most types of federal taxes. Specifically, residents of Puerto Rico pay customs taxes, Federal commodity taxes, and all payroll taxes (also known as FICA taxes, which include (a) Social Security, (b) Medicare, and Unemployment taxes).
Puerto Rico is an unincorporated territory of the United States. Most but not all federal laws apply to Puerto Rico. In addition to the U.S. Constitution, which is the supreme law of the U.S., federal laws include statutes that are periodically codified in the U.S. Code.
All persons born in Puerto Rico on or after January 13, 1941, and subject to the jurisdiction of the United States, are citizens of the United States at birth.
Despite this, there are no representatives of Puerto Rico in the upper house of Congress, and only one serves in the lower house, which does not have the right to vote. Residents of the island cannot participate in midterm or US presidential elections, as the territory is not a state.
The United States made a deal 100 years ago today, on March 2, 1917, when the Jones-Shafroth Act became law making Puerto Rico a territory of the United States. The passage of the law guaranteed U.S. citizenship to Puerto Ricans born on or after April 25, 1898. The legislation was sponsored by Rep.
