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

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• Control #: US-OG-518
• Format: Word; Rich Text

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. The North Carolina Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form is a legal document that allows for the transfer of an overriding royalty interest from the working interest owner to another party in North Carolina. This document ensures a limited warranty for the assigned interest and applies specifically to transactions involving multiple leases. Keywords: North Carolina, Assignment of Overriding Royalty Interest, Working Interest, Multiple Leases, Limited Warranty, Long Form Different types of North Carolina Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form: 1. Individual-to-Individual Assignment: This type of assignment involves the transfer of an overriding royalty interest from one individual working interest owner to another party. It is applicable when multiple leases are involved, and a long-form document with a limited warranty is required. 2. Company-to-Individual Assignment: In this case, a company that holds the working interest transfers an overriding royalty interest to an individual. This type of assignment typically occurs when multiple leases are involved, and a comprehensive long-form document is necessary to ensure a limited warranty. 3. Individual-to-Company Assignment: This assignment involves the transfer of an overriding royalty interest from an individual working interest owner to a company. As with the other types, it applies to situations where multiple leases are included, and a long-form document with a limited warranty is preferred. 4. Multiple Party Assignment: In some instances, multiple parties may collectively assign their overriding royalty interests from their respective working interests to a single party. This type of assignment occurs when several parties hold working interests across multiple leases and wish to consolidate their royalty interests under one entity. The long-form document with a limited warranty is crucial in such complex transactions. In all types of North Carolina Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form, it is essential to accurately specify the details of the leases involved, clearly state the parties involved in the assignment, establish the terms and conditions of the transfer, and provide a limited warranty for the assigned overriding royalty interest.

The North Carolina Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form is a legal document that allows for the transfer of an overriding royalty interest from the working interest owner to another party in North Carolina. This document ensures a limited warranty for the assigned interest and applies specifically to transactions involving multiple leases. Keywords: North Carolina, Assignment of Overriding Royalty Interest, Working Interest, Multiple Leases, Limited Warranty, Long Form Different types of North Carolina Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form: 1. Individual-to-Individual Assignment: This type of assignment involves the transfer of an overriding royalty interest from one individual working interest owner to another party. It is applicable when multiple leases are involved, and a long-form document with a limited warranty is required. 2. Company-to-Individual Assignment: In this case, a company that holds the working interest transfers an overriding royalty interest to an individual. This type of assignment typically occurs when multiple leases are involved, and a comprehensive long-form document is necessary to ensure a limited warranty. 3. Individual-to-Company Assignment: This assignment involves the transfer of an overriding royalty interest from an individual working interest owner to a company. As with the other types, it applies to situations where multiple leases are included, and a long-form document with a limited warranty is preferred. 4. Multiple Party Assignment: In some instances, multiple parties may collectively assign their overriding royalty interests from their respective working interests to a single party. This type of assignment occurs when several parties hold working interests across multiple leases and wish to consolidate their royalty interests under one entity. The long-form document with a limited warranty is crucial in such complex transactions. In all types of North Carolina Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form, it is essential to accurately specify the details of the leases involved, clearly state the parties involved in the assignment, establish the terms and conditions of the transfer, and provide a limited warranty for the assigned overriding royalty interest.