This form is used when an Assignor transfers, assigns, and conveys to Assignee an overriding royalty interest in the Leases and all oil, gas, and other minerals produced, saved, and marketed from the Lands and Leases equal to a percentage of 8/8 (the Override ).
A Massachusetts Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form is a legal document used to transfer ownership of royalties from multiple leases in the state of Massachusetts. This document is relevant for individuals or entities looking to buy or sell their interest in oil, gas, or mineral rights. Keywords: 1. Massachusetts: This assignment is specific to the state of Massachusetts and is governed by its laws and regulations. 2. Assignment: Refers to the transfer or conveyance of the overriding royalty interest from the assignor to the assignee. 3. Overriding Royalty Interest: This refers to the right to receive a portion of the royalties generated from the production of oil, gas, or minerals on the leased property, regardless of the lease terms. 4. Multiple Leases: The assignment covers more than one lease, indicating that the assignor has interests in several properties. 5. No Proportionate Reduction: Implies that the assignor is transferring their overriding royalty interest without reducing or adjusting its percentage across multiple leases. 6. Long Form: Signifies that the assignment is in a comprehensive, detailed format, capturing all necessary terms and conditions. Different types of Massachusetts Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form variations may exist based on customizations or specific terms outlined in the document. Examples could include variations for different types of underlying resources (such as oil, gas, or minerals), variations for different lease arrangements, or variations considering unique situations and contingencies. It is essential to consult legal professionals and experts to ensure all relevant aspects are appropriately addressed within the document.A Massachusetts Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form is a legal document used to transfer ownership of royalties from multiple leases in the state of Massachusetts. This document is relevant for individuals or entities looking to buy or sell their interest in oil, gas, or mineral rights. Keywords: 1. Massachusetts: This assignment is specific to the state of Massachusetts and is governed by its laws and regulations. 2. Assignment: Refers to the transfer or conveyance of the overriding royalty interest from the assignor to the assignee. 3. Overriding Royalty Interest: This refers to the right to receive a portion of the royalties generated from the production of oil, gas, or minerals on the leased property, regardless of the lease terms. 4. Multiple Leases: The assignment covers more than one lease, indicating that the assignor has interests in several properties. 5. No Proportionate Reduction: Implies that the assignor is transferring their overriding royalty interest without reducing or adjusting its percentage across multiple leases. 6. Long Form: Signifies that the assignment is in a comprehensive, detailed format, capturing all necessary terms and conditions. Different types of Massachusetts Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form variations may exist based on customizations or specific terms outlined in the document. Examples could include variations for different types of underlying resources (such as oil, gas, or minerals), variations for different lease arrangements, or variations considering unique situations and contingencies. It is essential to consult legal professionals and experts to ensure all relevant aspects are appropriately addressed within the document.
