Missouri Affidavit As to Termination of Production Payment

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• Control #: US-OG-171
• 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). This affidavit form is used when the Production Payment is deemed to have been satisfied and no longer burdens the Oil and Gas Leases on the Land. Missouri Affidavit As to Termination of Production Payment is a legal document used in the state of Missouri to terminate or release a production payment. A production payment is a contractual right to receive a percentage of the proceeds from the production of oil, gas, or minerals from a particular property. The affidavit is a sworn statement made by the holder of the production payment, confirming that the production payment has been fully paid, satisfied, or terminated. It is typically filed with the appropriate county recorder's office to provide public notice of the termination. Keywords: Missouri, affidavit, termination, production payment, oil, gas, minerals, contractual right, county recorder's office, public notice. There are several types of Missouri Affidavit As to Termination of Production Payments: 1. Full Payment Affidavit: This type of affidavit is used when the production payment has been fully paid according to the terms of the agreement. The affidavit will state that all obligations under the production payment agreement have been fulfilled, and the production payment is terminated. 2. Satisfaction Affidavit: If the production payment has been satisfied through other means, such as the transfer of the property or mutual agreement between the parties, a satisfaction affidavit can be filed. This affidavit will declare that the production payment has been discharged and is no longer enforceable. 3. Partial Release Affidavit: In some cases, the production payment may only be partially released or terminated. This can happen when a portion of the production payment has been paid off or if the rights and obligations of the parties have been modified. A partial release affidavit will specify the extent of the release or termination. 4. Amended Affidavit: If there are any changes or modifications to the original production payment agreement, an amended affidavit can be filed. This affidavit will outline the revised terms and conditions of the production payment, including any adjustments to the termination or release provisions. It is important to consult with an attorney or legal professional to ensure compliance with Missouri laws and regulations when preparing and filing a Missouri Affidavit As to Termination of Production Payment.

Missouri Affidavit As to Termination of Production Payment is a legal document used in the state of Missouri to terminate or release a production payment. A production payment is a contractual right to receive a percentage of the proceeds from the production of oil, gas, or minerals from a particular property. The affidavit is a sworn statement made by the holder of the production payment, confirming that the production payment has been fully paid, satisfied, or terminated. It is typically filed with the appropriate county recorder's office to provide public notice of the termination. Keywords: Missouri, affidavit, termination, production payment, oil, gas, minerals, contractual right, county recorder's office, public notice. There are several types of Missouri Affidavit As to Termination of Production Payments: 1. Full Payment Affidavit: This type of affidavit is used when the production payment has been fully paid according to the terms of the agreement. The affidavit will state that all obligations under the production payment agreement have been fulfilled, and the production payment is terminated. 2. Satisfaction Affidavit: If the production payment has been satisfied through other means, such as the transfer of the property or mutual agreement between the parties, a satisfaction affidavit can be filed. This affidavit will declare that the production payment has been discharged and is no longer enforceable. 3. Partial Release Affidavit: In some cases, the production payment may only be partially released or terminated. This can happen when a portion of the production payment has been paid off or if the rights and obligations of the parties have been modified. A partial release affidavit will specify the extent of the release or termination. 4. Amended Affidavit: If there are any changes or modifications to the original production payment agreement, an amended affidavit can be filed. This affidavit will outline the revised terms and conditions of the production payment, including any adjustments to the termination or release provisions. It is important to consult with an attorney or legal professional to ensure compliance with Missouri laws and regulations when preparing and filing a Missouri Affidavit As to Termination of Production Payment.