This form is used when Assignor transfers, assigns and conveys to Assignee an overriding royalty interest in all of the oil, gas, and other minerals produced, saved, and marketed from all of the Lands and Leases equal to a determined amount (the Override ).
Missouri Assignment of Overriding Royalty Interest in Multiple Assignors is a legal document that involves the transfer of an overriding royalty interest from multiple parties to another person or entity. This type of assignment allows the assignee to receive a portion of the revenue generated from the production of minerals or oil and gas wells in Missouri. An overriding royalty interest is a non-operating interest that gives the owner a predetermined percentage of revenue from a mineral lease or leasehold interest. The assignment of overriding royalty interest occurs when multiple individuals or entities collectively transfer their rights to a single assignee. Keywords: Missouri, assignment, overriding royalty interest, multiple assignors, transfer, revenue, production, minerals, oil, gas wells, legal document, mineral lease, leasehold interest. Different types of Missouri Assignment of Overriding Royalty Interest in Multiple Assignors may include: 1. Conveyance Assignment: This type of assignment involves the outright transfer of overriding royalty interest in multiple assignors to the assignee. The assignee assumes all rights and responsibilities associated with the interest. 2. Partial Assignment: In a partial assignment, multiple assignors transfer a portion of their overriding royalty interest to the assignee. This allows the assignee to receive a specific percentage of the generated revenue while the assignors retain the remaining interest. 3. Proportional Assignment: Here, the overriding royalty interest is divided proportionally among multiple assignors and then collectively assigned to the assignee. Each assignor contributes a specific fraction of their interest, resulting in a distributed assignment. 4. Joint Assignment: In a joint assignment, multiple assignors collectively assign their entire overriding royalty interest to the assignee. This type of assignment implies that all assignors have equal rights and share an equal proportion of revenue from the underlying lease or leasehold interest. 5. Successive Assignment: Successive assignments occur when multiple assignors transfer their overriding royalty interest to the assignee in a specific order. Each assignor's assigned interest takes effect only after the preceding assignor's interest has been fully transferred and recorded. 6. Limited Assignment: In a limited assignment, multiple assignors transfer their overriding royalty interest for a specific time period or until a particular condition is met. This type of assignment is often used when there is a temporary need for the assignee to receive a portion of the generated revenue. Note: The different types described above are not exhaustive and can vary depending on the specific terms and conditions agreed upon by the parties involved. It is crucial to consult with a legal professional or review the relevant laws and regulations when dealing with Missouri Assignment of Overriding Royalty Interest in Multiple Assignors.Missouri Assignment of Overriding Royalty Interest in Multiple Assignors is a legal document that involves the transfer of an overriding royalty interest from multiple parties to another person or entity. This type of assignment allows the assignee to receive a portion of the revenue generated from the production of minerals or oil and gas wells in Missouri. An overriding royalty interest is a non-operating interest that gives the owner a predetermined percentage of revenue from a mineral lease or leasehold interest. The assignment of overriding royalty interest occurs when multiple individuals or entities collectively transfer their rights to a single assignee. Keywords: Missouri, assignment, overriding royalty interest, multiple assignors, transfer, revenue, production, minerals, oil, gas wells, legal document, mineral lease, leasehold interest. Different types of Missouri Assignment of Overriding Royalty Interest in Multiple Assignors may include: 1. Conveyance Assignment: This type of assignment involves the outright transfer of overriding royalty interest in multiple assignors to the assignee. The assignee assumes all rights and responsibilities associated with the interest. 2. Partial Assignment: In a partial assignment, multiple assignors transfer a portion of their overriding royalty interest to the assignee. This allows the assignee to receive a specific percentage of the generated revenue while the assignors retain the remaining interest. 3. Proportional Assignment: Here, the overriding royalty interest is divided proportionally among multiple assignors and then collectively assigned to the assignee. Each assignor contributes a specific fraction of their interest, resulting in a distributed assignment. 4. Joint Assignment: In a joint assignment, multiple assignors collectively assign their entire overriding royalty interest to the assignee. This type of assignment implies that all assignors have equal rights and share an equal proportion of revenue from the underlying lease or leasehold interest. 5. Successive Assignment: Successive assignments occur when multiple assignors transfer their overriding royalty interest to the assignee in a specific order. Each assignor's assigned interest takes effect only after the preceding assignor's interest has been fully transferred and recorded. 6. Limited Assignment: In a limited assignment, multiple assignors transfer their overriding royalty interest for a specific time period or until a particular condition is met. This type of assignment is often used when there is a temporary need for the assignee to receive a portion of the generated revenue. Note: The different types described above are not exhaustive and can vary depending on the specific terms and conditions agreed upon by the parties involved. It is crucial to consult with a legal professional or review the relevant laws and regulations when dealing with Missouri Assignment of Overriding Royalty Interest in Multiple Assignors.
