Pennsylvania Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form is a legal document that pertains to the transfer of an overriding royalty interest from the working interest owner to another party. This document is commonly used in the oil and gas industry in Pennsylvania. The Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form is designed for situations where the working interest owner holds multiple leases and wants to assign a portion of the overriding royalty interest related to those leases to another party. This long-form version of the assignment provides a thorough and detailed description of the rights and obligations of both the assignor (the working interest owner) and the assignee (the party receiving the overriding royalty interest). It includes provisions regarding the scope of the assigned interest, royalty payments, limitations on liability, and warranties. The Pennsylvania Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form is a legally binding contract that protects the rights of both parties involved in the transfer. It ensures that the assignee receives the agreed-upon royalty interest while outlining the limitations and warranties provided by the assignor. Different types or variations of the Pennsylvania Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form may exist based on specific clauses or additional provisions added. Each variation may address unique aspects of the transaction, such as specific lease terms, liability limitations, or indemnification clauses. Some relevant keywords for this topic include: Pennsylvania, assignment, overriding royalty interest, working interest, multiple leases, limited warranty, long form, oil and gas industry, transfer, assignor, assignee, contract, royalties, liability, warranties, indemnification.
Pennsylvania Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty - Long Form
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