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.
Virginia Declaration That Oil and Gas Lease Was Acquired by Agent For Principal refers to a legal document used in the state of Virginia to establish and confirm that an individual or entity acting as an agent has acquired an oil and gas lease on behalf of their principal. This declaration serves as proof of the agent's authority to enter into the lease agreement and binds the principal to the terms and conditions outlined in the lease. Keywords: Virginia, declaration, oil and gas lease, agent, principal, acquired, authority. There may be different types or variations of the Virginia Declaration That Oil and Gas Lease Was Acquired by Agent For Principal, including: 1. General Virginia Declaration That Oil and Gas Lease Was Acquired by Agent For Principal: This is the standard declaration used to confirm the acquisition of an oil and gas lease by an agent on behalf of their principal. It specifies the details of the lease agreement, the parties involved, and the agent's authority. 2. Specific Virginia Declaration That Oil and Gas Lease Was Acquired by Agent For Principal: This type of declaration is used when the agent acquires a particular oil and gas lease on behalf of their principal. It includes specific details such as the lease's location, duration, and any unique terms or provisions. 3. Notarized Virginia Declaration That Oil and Gas Lease Was Acquired by Agent For Principal: In certain cases, the declaration may need to be notarized to add an extra layer of authentication and credibility. This type of declaration includes a notary's signature and seal, affirming the authenticity of the agent's acquisition of the oil and gas lease. 4. Virginia Declaration That Oil and Gas Lease Was Acquired by Agent For Principal with Power of Attorney: When an agent acquires an oil and gas lease on behalf of a principal through a power of attorney, a specific declaration may be used. This declaration includes additional details regarding the power of attorney document that authorizes the agent's actions. In conclusion, the Virginia Declaration That Oil and Gas Lease Was Acquired by Agent For Principal is a legal document used to confirm that an agent has acquired an oil and gas lease on behalf of their principal. Variations of this declaration may exist based on specific circumstances such as notarization or the involvement of a power of attorney.
