Hawaii Assignment of Overriding Royalty Interest - Short Form

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• Control #: US-OG-031
• Format: Word; Rich Text

Description

This form is used by the Assignor to transfer, assign, and convey to Assignee all of Assignor's overriding royalty interest in a Lease and all oil, gas and other minerals produced, saved and sold from the Lease and Land. The Hawaii Assignment of Overriding Royalty Interest — Short Form is a legal document that allows individuals or entities to transfer their rights and interests in an overriding royalty interest (ORRIS) in relation to oil, gas, or other minerals located in the state of Hawaii. This assignment is typically used in the context of mining or extracting natural resources, where the assignor, who is the current owner of the ORRIS, transfers their rights to another party known as the assignee. The Assignment of Overriding Royalty Interest — Short Form in Hawaii contains various sections that outline the specifics of the transfer. These sections include: 1. Parties Involved: The document will identify the assignor and assignee by their legal names and addresses. It is important to provide accurate information to ensure a valid assignment. 2. Recitals: This section provides a background and context for the assignment. It may include information about the wells, mineral leases, or other agreements involved in the transaction. 3. Consideration: The consideration section outlines the monetary or non-monetary exchange taking place between the assignor and assignee for the transfer of the ORRIS. This can include payment terms, such as a lump sum or installment payments. 4. Assignment and Conveyance: This is the core section of the document, where the assignor formally transfers their ORRIS to the assignee. It includes a detailed description of the specific interests being assigned, such as the percentage of the ORRIS, the specific mineral lease or location, and any encumbrances or exceptions. 5. Warranties and Representations: The assignor typically provides certain warranties and representations to the assignee, guaranteeing that they have the legal authority to assign the ORRIS and that there are no undisclosed third-party claims or liens on the assigned interest. 6. Governing Law and Jurisdiction: This section specifies that the assignment will be governed by the laws of the state of Hawaii and any disputes will be settled in a specific jurisdiction within the state. While there may not be different types of Hawaii Assignment of Overriding Royalty Interest — Short Form, it is important to note that the specific terms and conditions within the assignment can vary depending on the parties involved and the unique circumstances of the transaction. As such, it is recommended that individuals seek legal advice or consult an attorney familiar with Hawaii mineral rights and assignments to ensure compliance with applicable laws and regulations.

The Hawaii Assignment of Overriding Royalty Interest — Short Form is a legal document that allows individuals or entities to transfer their rights and interests in an overriding royalty interest (ORRIS) in relation to oil, gas, or other minerals located in the state of Hawaii. This assignment is typically used in the context of mining or extracting natural resources, where the assignor, who is the current owner of the ORRIS, transfers their rights to another party known as the assignee. The Assignment of Overriding Royalty Interest — Short Form in Hawaii contains various sections that outline the specifics of the transfer. These sections include: 1. Parties Involved: The document will identify the assignor and assignee by their legal names and addresses. It is important to provide accurate information to ensure a valid assignment. 2. Recitals: This section provides a background and context for the assignment. It may include information about the wells, mineral leases, or other agreements involved in the transaction. 3. Consideration: The consideration section outlines the monetary or non-monetary exchange taking place between the assignor and assignee for the transfer of the ORRIS. This can include payment terms, such as a lump sum or installment payments. 4. Assignment and Conveyance: This is the core section of the document, where the assignor formally transfers their ORRIS to the assignee. It includes a detailed description of the specific interests being assigned, such as the percentage of the ORRIS, the specific mineral lease or location, and any encumbrances or exceptions. 5. Warranties and Representations: The assignor typically provides certain warranties and representations to the assignee, guaranteeing that they have the legal authority to assign the ORRIS and that there are no undisclosed third-party claims or liens on the assigned interest. 6. Governing Law and Jurisdiction: This section specifies that the assignment will be governed by the laws of the state of Hawaii and any disputes will be settled in a specific jurisdiction within the state. While there may not be different types of Hawaii Assignment of Overriding Royalty Interest — Short Form, it is important to note that the specific terms and conditions within the assignment can vary depending on the parties involved and the unique circumstances of the transaction. As such, it is recommended that individuals seek legal advice or consult an attorney familiar with Hawaii mineral rights and assignments to ensure compliance with applicable laws and regulations.