Missouri Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form is a legal document that facilitates the transfer of an overriding royalty interest from the working interest owner to another party. This agreement outlines the details of the transaction while providing a limited warranty to protect the assignee's interests. The Missouri Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form is commonly used in the oil and gas industry and is applicable when there are multiple leases involved. Keywords: 1. Missouri: This document is specific to the state of Missouri and complies with its laws and regulations regarding assignment of overriding royalty interests. 2. Assignment: Refers to the transfer of an overriding royalty interest from the working interest owner to another party. 3. Overriding Royalty Interest: Represents a share of the revenue generated from the production of oil or gas from a lease. This interest is separate from the working interest and is often associated with a royalty interest that is not associated with the lease itself. 4. Working Interest: Refers to the ownership stake in an oil or gas lease that entitles the owner to a share of the production and requires the owner to bear the related costs and expenses. 5. Multiple Leases: Implies that there are multiple leases involved in the assignment, indicating the complexity of the transaction. 6. Limited Warranty: Provides a limited guarantee from the assignor to the assignee, assuring that the assignor is the legal owner of the overriding royalty interest and has the right to transfer it. This warranty offers some protection to the assignee against any unknown claims or disputes related to the interest. Different types of Missouri Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form may include variations based on specific terms, parties involved, royalty percentages, lease durations, and additional provisions to suit the unique circumstances of each transaction. However, the core elements of the agreement remain consistent.
Missouri Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty - Long Form
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