Oklahoma Royalty Deed with Limited Warranty

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• Control #: US-OG-043
• Format: Word; Rich Text

Description

This form conveys a royalty interest with a limited warranty. Oklahoma Royalty Deed with Limited Warranty is a legal document commonly used in Oklahoma's oil and gas industry to transfer ownership of mineral rights or royalty interests. This type of deed provides limited warranties to the grantee, ensuring that the granter possesses the right to transfer the stated ownership interests but makes no warranties beyond that. The terms of the Oklahoma Royalty Deed with Limited Warranty vary depending on individual agreements, but some common keywords associated with these deeds include "mineral rights," "royalty interests," "limited warranty," and "transfer of ownership." There are different variations of Oklahoma Royalty Deed with Limited Warranty, including: 1. Mineral Interest Royalty Deed with Limited Warranty: This type of deed specifically transfers ownership of a mineral interest while providing limited warranties to the grantee. 2. Non-Executive Royalty Interest Deed with Limited Warranty: This variation refers to the transfer of non-executive royalty interests, where the granter affirms their ownership rights but limits any warranties. 3. Fractional Royalty Deed with Limited Warranty: In cases where multiple parties share fractional royalty interests, this deed type transfers specified fractional interests while providing limited warranties. 4. Royalty Conveyance Deed with Limited Warranty: This variant focuses on conveying royalty interests exclusively, ensuring limited warranties to the grantee. The purpose of a Limited Warranty in these deeds is to protect the grantee's interests by guaranteeing that the granter has not encumbered or transferred the ownership rights to another party. However, it is essential for grantees to perform due diligence and conduct title research to verify the accuracy and extent of the granter's ownership claims. Overall, Oklahoma Royalty Deed with Limited Warranty acts as a legally binding document that serves to transfer ownership of mineral rights or royalty interests with limited warranties attached, providing a measure of protection to the grantee.

Oklahoma Royalty Deed with Limited Warranty is a legal document commonly used in Oklahoma's oil and gas industry to transfer ownership of mineral rights or royalty interests. This type of deed provides limited warranties to the grantee, ensuring that the granter possesses the right to transfer the stated ownership interests but makes no warranties beyond that. The terms of the Oklahoma Royalty Deed with Limited Warranty vary depending on individual agreements, but some common keywords associated with these deeds include "mineral rights," "royalty interests," "limited warranty," and "transfer of ownership." There are different variations of Oklahoma Royalty Deed with Limited Warranty, including: 1. Mineral Interest Royalty Deed with Limited Warranty: This type of deed specifically transfers ownership of a mineral interest while providing limited warranties to the grantee. 2. Non-Executive Royalty Interest Deed with Limited Warranty: This variation refers to the transfer of non-executive royalty interests, where the granter affirms their ownership rights but limits any warranties. 3. Fractional Royalty Deed with Limited Warranty: In cases where multiple parties share fractional royalty interests, this deed type transfers specified fractional interests while providing limited warranties. 4. Royalty Conveyance Deed with Limited Warranty: This variant focuses on conveying royalty interests exclusively, ensuring limited warranties to the grantee. The purpose of a Limited Warranty in these deeds is to protect the grantee's interests by guaranteeing that the granter has not encumbered or transferred the ownership rights to another party. However, it is essential for grantees to perform due diligence and conduct title research to verify the accuracy and extent of the granter's ownership claims. Overall, Oklahoma Royalty Deed with Limited Warranty acts as a legally binding document that serves to transfer ownership of mineral rights or royalty interests with limited warranties attached, providing a measure of protection to the grantee.