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

State:
Multi-State
Control #:
US-OG-518
Format:
Word; 
Rich Text
Instant download

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. A Michigan Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form is a legal document that pertains to the transfer of a portion of the royalty interest from the working interest owner to another party. This specific form is designed for use in Michigan and involves multiple leases and limited warranty provisions. The assignment of overriding royalty interest refers to the transfer of a certain percentage or portion of the royalty interest, which is the right to receive a percentage of revenue from the production of minerals, from the working interest owner to another party. This can be done for various reasons, such as raising capital or diversifying investments. The Michigan Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form is used when there are multiple leases involved, meaning that the assigned royalty interest is derived from multiple lease agreements. This can be common in situations where a single well or reservoir spans across multiple leased properties. Additionally, this long-form assignment includes limited warranty provisions, which indicates that the assignor (the working interest owner) guarantees that they have the legal right to transfer the overriding royalty interest and that there are no third-party claims or encumbrances on the assigned interest. Different types or variations of the Michigan Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form may exist depending on the specific terms and conditions agreed upon by the parties involved. Some variations may include additional provisions or modifications to suit the unique circumstances of the transaction. Keywords: Michigan, assignment, overriding royalty interest, working interest, multiple leases, limited warranty, long form, transfer, royalty interest, revenue, minerals, lease agreements, assignor, legal right, third-party claims, encumbrances, variations, terms and conditions.

A Michigan Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form is a legal document that pertains to the transfer of a portion of the royalty interest from the working interest owner to another party. This specific form is designed for use in Michigan and involves multiple leases and limited warranty provisions. The assignment of overriding royalty interest refers to the transfer of a certain percentage or portion of the royalty interest, which is the right to receive a percentage of revenue from the production of minerals, from the working interest owner to another party. This can be done for various reasons, such as raising capital or diversifying investments. The Michigan Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form is used when there are multiple leases involved, meaning that the assigned royalty interest is derived from multiple lease agreements. This can be common in situations where a single well or reservoir spans across multiple leased properties. Additionally, this long-form assignment includes limited warranty provisions, which indicates that the assignor (the working interest owner) guarantees that they have the legal right to transfer the overriding royalty interest and that there are no third-party claims or encumbrances on the assigned interest. Different types or variations of the Michigan Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form may exist depending on the specific terms and conditions agreed upon by the parties involved. Some variations may include additional provisions or modifications to suit the unique circumstances of the transaction. Keywords: Michigan, assignment, overriding royalty interest, working interest, multiple leases, limited warranty, long form, transfer, royalty interest, revenue, minerals, lease agreements, assignor, legal right, third-party claims, encumbrances, variations, terms and conditions.

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