Maryland Affidavit of Nonrevocation of Power of Attorney on Date of Execution of Oil and Gas Lease

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• Control #: US-OG-184
• Format: Word; Rich Text

Description

An affidavit is statement of facts which is sworn to (or affirmed) before an officer who has authority to administer an oath (e.g. a notary public). The form is used to declare that the appointment of the named attorney as the Lessor's Attorney-in-Fact had not been revoked by Lessor The Maryland Affidavit of Nonrevocation of Power of Attorney on Date of Execution of Oil and Gas Lease is a legal document used in Maryland to confirm that a power of attorney (POA) related to an oil and gas lease has not been revoked. This affidavit is important when dealing with oil and gas leases, as it provides assurance that the authorized agent's authority to act on behalf of the principal has not been terminated. Keywords: — Maryland: Refers to the specific jurisdiction where this Affidavit is used, emphasizing its relevance only within the state's legal framework. — Affidavit: A written statement made under oath and signed in the presence of a notary public, affirming the truth of the information provided. — Nonrevocation: Denotes the act of not revoking or canceling the authority granted through a power of attorney. — Power of Attorney (POA): A legal document that allows one person (the principal) to appoint another person (the agent or attorney-in-fact) to act on their behalf in various matters. — Date of Execution: The specific day on which the oil and gas lease agreement was formally entered into and signed by the involved parties. — Oil and Gas Lease: A contractual agreement between a landowner (lessor) and an oil or gas company (lessee) granting the lessee the right to explore, extract, and produce oil or gas resources. — Lease Revocation: The act of terminating a lease agreement, typically initiated by the lessor or lessee when certain conditions are not met. — Agent: The person who is authorized by the principal to act on their behalf and make decisions regarding the oil and gas lease. — Principal: The individual who grants the authority to the agent through the power of attorney. Different Types: Although there may not be different types of the Maryland Affidavit of Nonrevocation of Power of Attorney on Date of Execution of Oil and Gas Lease, variations may exist depending on specific details or requirements. For example, alternate versions may be necessary in cases where multiple agents are involved, or if additional clauses or conditions need to be included to address unique circumstances.

The Maryland Affidavit of Nonrevocation of Power of Attorney on Date of Execution of Oil and Gas Lease is a legal document used in Maryland to confirm that a power of attorney (POA) related to an oil and gas lease has not been revoked. This affidavit is important when dealing with oil and gas leases, as it provides assurance that the authorized agent's authority to act on behalf of the principal has not been terminated. Keywords: — Maryland: Refers to the specific jurisdiction where this Affidavit is used, emphasizing its relevance only within the state's legal framework. — Affidavit: A written statement made under oath and signed in the presence of a notary public, affirming the truth of the information provided. — Nonrevocation: Denotes the act of not revoking or canceling the authority granted through a power of attorney. — Power of Attorney (POA): A legal document that allows one person (the principal) to appoint another person (the agent or attorney-in-fact) to act on their behalf in various matters. — Date of Execution: The specific day on which the oil and gas lease agreement was formally entered into and signed by the involved parties. — Oil and Gas Lease: A contractual agreement between a landowner (lessor) and an oil or gas company (lessee) granting the lessee the right to explore, extract, and produce oil or gas resources. — Lease Revocation: The act of terminating a lease agreement, typically initiated by the lessor or lessee when certain conditions are not met. — Agent: The person who is authorized by the principal to act on their behalf and make decisions regarding the oil and gas lease. — Principal: The individual who grants the authority to the agent through the power of attorney. Different Types: Although there may not be different types of the Maryland Affidavit of Nonrevocation of Power of Attorney on Date of Execution of Oil and Gas Lease, variations may exist depending on specific details or requirements. For example, alternate versions may be necessary in cases where multiple agents are involved, or if additional clauses or conditions need to be included to address unique circumstances.