A Montana Release of Agreement Granting Option to Acquire Oil and Gas Lease is a legal document that outlines the termination or cancellation of an option to acquire an oil and gas lease in the state of Montana. This agreement acknowledges the release of any obligations, rights, and responsibilities associated with the original agreement, freeing both parties from further obligations concerning the option to acquire the lease. Keywords: Montana, Release of Agreement, Granting Option, Acquire Oil and Gas Lease, termination, cancellation, obligations, rights, responsibilities. Different types of Montana Release of Agreement Granting Option to Acquire Oil and Gas Lease: 1. Montana Release of Agreement Granting Option to Acquire Oil and Gas Lease — This is a standard release agreement to cancel an option to acquire an oil and gas lease in Montana. It involves the termination of the initial agreement between the parties, freeing them from future obligations related to the lease acquisition option. 2. Mutual Montana Release of Agreement Granting Option to Acquire Oil and Gas Lease — This type of release agreement is used when both parties agree to terminate the option to acquire the oil and gas lease. It ensures that both parties acknowledge the termination and release each other from any future obligations. 3. Unilateral Montana Release of Agreement Granting Option to Acquire Oil and Gas Lease — This release agreement is used when one party wishes to terminate the option to acquire the oil and gas lease, and the other party agrees to the termination. It clarifies the intent of the terminating party and releases the other party from any further obligations. 4. Amendment to Montana Release of Agreement Granting Option to Acquire Oil and Gas Lease — Sometimes, parties may need to modify or amend the original release agreement. This type of release agreement allows for changes to be made to the initial agreement, such as extending the termination date or revising specific terms and conditions. Note: It is important to consult with a legal professional or attorney to ensure the accuracy and suitability of any legal document, including the Montana Release of Agreement Granting Option to Acquire Oil and Gas Lease.