Kentucky Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty - Long Form

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• Control #: US-OG-518
• Format: Word; Rich Text

Description

This form is used by the Assignor to transfer, assign, and convey to Assignee an overriding royalty interest in a Lease, convertible to a working interest. The Kentucky Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form is a legal document used in the state of Kentucky to transfer the rights and interests in an overriding royalty from the working interest owner to another party. This assignment is specifically designed for situations where there are multiple leases involved and requires a limited warranty from the assignor. The assignment document includes detailed information about the parties involved, such as their names, addresses, and designated roles. It also outlines the specific overriding royalty interest being assigned, including the lease(s) from which the interest is derived. Within this type of assignment, there may be different variations based on the specific circumstances of the transaction. Some potential variations could include: 1. Kentucky Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form for Oil and Gas Leases: This variation would be used specifically for assignments related to oil and gas leases in Kentucky. It would include relevant information and terms specific to the oil and gas industry. 2. Kentucky Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form for Mineral Leases: This variation would be used for assignments related to mineral leases, such as assignments involving coal, limestone, or other minerals found in Kentucky. It would reflect the unique terms and considerations applicable to mineral leases. 3. Kentucky Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form for Real Estate Leases: This variation would be used when the overriding royalty interest is derived from real estate leases, such as commercial or residential leases in Kentucky. It would include provisions specific to the real estate industry. In all variations, the "long form" signifies that the assignment document is comprehensive and includes detailed information about the rights, obligations, warranties, and conditions of the assignment. The limited warranty included in the document ensures that the assignor provides certain assurances about their ownership and authority to assign the overriding royalty interest, but it is limited to their own actions and not those of previous owners. This Kentucky Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form is a legally binding document that protects the interests of all parties involved in the assignment of overriding royalty interests and provides clarity and transparency in the transaction. It is advised to seek legal counsel when preparing or executing this type of assignment to ensure compliance with state laws and to address any unique circumstances that may arise.

The Kentucky Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form is a legal document used in the state of Kentucky to transfer the rights and interests in an overriding royalty from the working interest owner to another party. This assignment is specifically designed for situations where there are multiple leases involved and requires a limited warranty from the assignor. The assignment document includes detailed information about the parties involved, such as their names, addresses, and designated roles. It also outlines the specific overriding royalty interest being assigned, including the lease(s) from which the interest is derived. Within this type of assignment, there may be different variations based on the specific circumstances of the transaction. Some potential variations could include: 1. Kentucky Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form for Oil and Gas Leases: This variation would be used specifically for assignments related to oil and gas leases in Kentucky. It would include relevant information and terms specific to the oil and gas industry. 2. Kentucky Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form for Mineral Leases: This variation would be used for assignments related to mineral leases, such as assignments involving coal, limestone, or other minerals found in Kentucky. It would reflect the unique terms and considerations applicable to mineral leases. 3. Kentucky Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form for Real Estate Leases: This variation would be used when the overriding royalty interest is derived from real estate leases, such as commercial or residential leases in Kentucky. It would include provisions specific to the real estate industry. In all variations, the "long form" signifies that the assignment document is comprehensive and includes detailed information about the rights, obligations, warranties, and conditions of the assignment. The limited warranty included in the document ensures that the assignor provides certain assurances about their ownership and authority to assign the overriding royalty interest, but it is limited to their own actions and not those of previous owners. This Kentucky Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form is a legally binding document that protects the interests of all parties involved in the assignment of overriding royalty interests and provides clarity and transparency in the transaction. It is advised to seek legal counsel when preparing or executing this type of assignment to ensure compliance with state laws and to address any unique circumstances that may arise.