Virgin Islands Rights Not Assigned

State:
Multi-State
Control #:
US-OG-487
Format:
Word; 
Rich Text
Instant download

Description

In The Rights Not Assigned form, the assignor reserves all oil and gas rights not specifically described in an assignment, and all mineral and leasehold rights at any depths and all rights of ingress, egress, use, occupancy, and any and all other surface rights granted by the Oil and Gas Leases necessary or convenient to exercise and enjoy all oil, gas, mineral, and leasehold rights reserved to assignor.

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FAQ

The U.S. Virgin Islands do not have their own constitution. The main governing document of the U.S. Virgin Islands is the Revised Organic Act of the Virgin Islands, which was passed by the U.S. Congress in 1954.

Under BVI law, a registered trademark may be partially assigned or completely assigned. In a complete assignment, the trademark owner transfers all the trademark rights to the new owner. In a partial assignment, the transfer is restricted to specific rights.

Pennsylvania applies a two year statute of limitation for personal injury and property damage and a four year statute of limitations for breach of contract actions.

In Colorado, the general breach of contract statute of limitation, whether the contract is oral or written, is three years. However, if a contract is for a ?liquidated debt? or for an ?unliquidated determinable amount,? it is subject to a six-year limitations period.

The Organic Act of 1936 laid the foundation for self-government and a more elaborate governmental structure emerged from the revised Organic Act of 1954.

The U.S. Virgin Islands are an unincorporated territory of the United States. Many but not all federal laws apply to the U.S. Virgin Islands. 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.

Statute of limitations in contracts for sale. (1) An action for breach of any contract for sale must be commenced within four years after the cause of action has accrued. By the original agreement the parties may reduce the period of limitation to not less than one year but may not extend it.

The statute of limitations in the Virgin Islands for a negligence claim is two years, while the limitations period for a breach of contract action is six years. 5 V.I.C. § 31.

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Virgin Islands Rights Not Assigned