District of Columbia Gift Deed of Nonparticipating Royalty Interest with No Warranty

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• Control #: US-OG-042
• Format: Word; Rich Text

Description

This form provides for a conveyance of a nonparticipating royalty interest in specific lands. A District of Columbia Gift Deed of Nonparticipating Royalty Interest with No Warranty is a legal document used to transfer ownership of a nonparticipating royalty interest in the District of Columbia from one party (the "donor") to another (the "done") as a gift. This type of deed is commonly used when the donor wishes to gift their ownership interest in oil, gas, or mineral royalties located in the District of Columbia to the done. The District of Columbia Gift Deed of Nonparticipating Royalty Interest with No Warranty contains several key elements. Firstly, it outlines the names and contact information of both the donor and done. It also specifies the nature of the gift, which is a nonparticipating royalty interest in the District of Columbia. The deed may further describe the specific oil, gas, or mineral property to which the royalty interest relates, such as a specific well or lease. Additionally, the deed includes a clause stating that the donor is transferring the royalty interest to the done without any warranties or guarantees regarding the interest's value, productivity, or future performance. This means that the donor is not responsible for any future litigation, disputes, or obligations related to the royalty interest. It is important to note that there may be different types or variations of the District of Columbia Gift Deed of Nonparticipating Royalty Interest with No Warranty, depending on specific circumstances or additional terms desired by the parties involved. For example, a deed may include provisions for the reservation of overriding royalties, a provision for diversionary rights to the donor in certain situations, or conditions relating to the termination or transferability of the royalty interest. In conclusion, a District of Columbia Gift Deed of Nonparticipating Royalty Interest with No Warranty is a legal document used to transfer ownership of a nonparticipating royalty interest in the District of Columbia as a gift. This type of deed is typically used in the transfer of oil, gas, or mineral royalties and includes essential information about the parties involved, the nature of the gift, and the absence of warranties or guarantees.

A District of Columbia Gift Deed of Nonparticipating Royalty Interest with No Warranty is a legal document used to transfer ownership of a nonparticipating royalty interest in the District of Columbia from one party (the "donor") to another (the "done") as a gift. This type of deed is commonly used when the donor wishes to gift their ownership interest in oil, gas, or mineral royalties located in the District of Columbia to the done. The District of Columbia Gift Deed of Nonparticipating Royalty Interest with No Warranty contains several key elements. Firstly, it outlines the names and contact information of both the donor and done. It also specifies the nature of the gift, which is a nonparticipating royalty interest in the District of Columbia. The deed may further describe the specific oil, gas, or mineral property to which the royalty interest relates, such as a specific well or lease. Additionally, the deed includes a clause stating that the donor is transferring the royalty interest to the done without any warranties or guarantees regarding the interest's value, productivity, or future performance. This means that the donor is not responsible for any future litigation, disputes, or obligations related to the royalty interest. It is important to note that there may be different types or variations of the District of Columbia Gift Deed of Nonparticipating Royalty Interest with No Warranty, depending on specific circumstances or additional terms desired by the parties involved. For example, a deed may include provisions for the reservation of overriding royalties, a provision for diversionary rights to the donor in certain situations, or conditions relating to the termination or transferability of the royalty interest. In conclusion, a District of Columbia Gift Deed of Nonparticipating Royalty Interest with No Warranty is a legal document used to transfer ownership of a nonparticipating royalty interest in the District of Columbia as a gift. This type of deed is typically used in the transfer of oil, gas, or mineral royalties and includes essential information about the parties involved, the nature of the gift, and the absence of warranties or guarantees.