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.
Utah Reservation of Additional Interests in Production
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Multi-State
Control #:
US-OG-819
Format:
Word;
Rich Text
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How to fill out Reservation Of Additional Interests In Production?
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Tolling of the Statute of Limitations Code SectionsUtah Code Title 78B: Judicial Code, Chapter 2: Statute of LimitationsContractsFour years if an oral or verbal contract, six years if the contract was in writing (U.C.A. § 78B-2-307)10 more rows
The statute of limitations in Utah for any signed written contract is six (6) years. For unwritten or oral contracts, the statute of limitation for an unpaid debt expires or runs after four (4) years.
Severance Tax - Based on the price received from the sale of oil and gas. Recipients: State of Utah on Sliding Scale* ? Oil is taxed at 3% of the first $13/barrel (bo) of oil value and 5% of the value in excess of $13.01/bo.
In Utah, the statute of limitations for any signed written contract, obligation, or liability is six years. For unwritten (verbal) contracts, obligations, or liabilities, the statute of limitation for an unpaid debt expires after four years.
The statute of limitations for renewing a judgment is 8 years from the date of the judgment. Utah Code Section 78B-2-311.
The statute of limitations for some cases is as short as six months, while some serious criminal offenses have no limit and can be filed at any time, even decades after the crime occurred. Most statutes of limitation range from one to eight years.
The statute of limitations for some cases is as short as six months, while some serious criminal offenses have no limit and can be filed at any time, even decades after the crime occurred. Most statutes of limitation range from one to eight years.