Freestone Rider
What is this form?
The Freestone Rider, also known as a Pugh Clause, is a lease provision used in oil and gas transactions. This form allows you to sever pooled acreage from the rest of the lease, which can be critical when you have specific concerns about the rights granted to the lessee. Unlike standard lease forms, this rider includes additional provisions tailored to your needs, offering added protection in lease agreements.
Key components of this form
- Identification of the parties involved in the lease.
- Specific provisions detailing the severance of pooled acreage.
- Limitations placed on the lessee's rights regarding the lease.
- Conditions under which the rider becomes effective.
When to use this document
This form is useful in scenarios where you are negotiating an oil and gas lease and have specific concerns about the lessee's rights. You would use the Freestone Rider when you want to ensure that certain portions of the leased property can be excluded from pool agreements, protecting your interests and clarifying the terms of use for different sections of the property.
Who needs this form
This form is intended for:
- Landowners entering into oil and gas lease agreements.
- Lessees looking to define specific rights and limitations in lease transactions.
- Legal practitioners drafting or reviewing lease agreements for clients.
Completing this form step by step
- Identify the parties involved, including the lessor and lessee.
- Specify the property to which the rider applies, detailing the location and boundaries.
- Define the specific provisions that sever the pooled acreage from the remainder of the lease.
- Enter any conditions that need to be met for the rider to take effect.
- Sign and date the document, ensuring that all parties agree to the terms.
Does this document require notarization?
This form does not typically require notarization to be legally valid. However, some jurisdictions or document types may still require it. US Legal Forms provides secure online notarization powered by Notarize, available 24/7 for added convenience.
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If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Avoid these common issues
- Failing to clearly define the pooled acreage and severed areas.
- Not including all necessary parties in the agreement.
- Overlooking state-specific language or clauses required by local laws.
Benefits of using this form online
- Convenience of completing the form from anywhere, at any time.
- Editability allows you to customize the provisions to meet your needs.
- Access to reliable legal templates drafted by licensed attorneys.
