Oregon Royalty Deed with Limited Warranty is a legal document used in the state of Oregon to transfer ownership rights of mineral or royalty interests from one party to another. This deed provides certain limited warranties and protections to the grantee, ensuring that the granter has the legal authority to transfer the interests, and that the interests are free from any encumbrances, except as otherwise specified in the deed. The Oregon Royalty Deed with Limited Warranty is commonly used in the context of oil, gas, or mineral rights transactions in Oregon. It enables the transfer of these rights between parties, granting the new owner the right to receive royalties or other financial benefits from the extraction or production of resources on the property. In addition to the general provisions and clauses, specific variations of Oregon Royalty Deed with Limited Warranty might include: 1. Oregon Royalty Deed with Limited Warranty for Oil and Gas Rights: This type of deed is specifically tailored for transferring ownership of oil and gas rights in Oregon. It outlines the limited warranties related to these specific interests, ensuring that they are being transferred without any undisclosed encumbrances. 2. Oregon Royalty Deed with Limited Warranty for Mineral Rights: This variant is designed for the transfer of mineral rights, encompassing a broader range of resources beyond oil and gas. It provides limited warranties related to the specific mineral interests being conveyed, guaranteeing their clear title and freedom from undisclosed claims. 3. Oregon Royalty Deed with Limited Warranty for Specific Time Frame: This type of deed restricts the transfer of ownership rights to a specific time frame. It may be used when the granter wishes to retain ownership of the interests until a predetermined date, after which the transfer will take effect with limited warranties. It is crucial to seek legal advice when dealing with an Oregon Royalty Deed with Limited Warranty, as the specific requirements and provisions may vary depending on the transaction and parties involved. Parties should thoroughly review the terms and consult knowledgeable professionals to ensure compliance with Oregon state laws and regulations.