This form is used when an Assignor transfers, assigns and conveys to Assignee an overriding royalty interest in all of the oil, gas, and other minerals produced, saved, and marketed from all of the Lands and Leases equal to a determined amount (the Override ), reserving the right to pool the assigned interest.
The Texas Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form is a legal document that outlines the transfer of overriding royalty interest from one party (the Assignor) to another party (the Assignee) in the state of Texas. This particular form focuses on situations where the Assignor reserves the right to pool the assigned interest. Keywords: Texas, Assignment of Overriding Royalty Interest, Assignor, Reserves, Right, Pool, Assigned Interest, Short Form. There are different types of Texas Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form, such as: 1. Standard Texas Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form: This is the most commonly used form that covers the basic transfer of overriding royalty interest and the Assignor's reservation right to pool the assigned interest. 2. Joint Venture Texas Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form: This type of form is specifically designed for situations where multiple parties are involved in the assignment and pooling of overriding royalty interest. It includes provisions for joint ventures and collaborative agreements. 3. Limited Liability Company (LLC) Texas Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form: This form is tailored for assignments involving LCS as the Assignor or Assignee. It includes specific clauses related to the organizational structure and responsibilities of the LCS. 4. Trust Texas Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form: Trusts are commonly used in royalty interest transfers, and this form caters to such situations. It includes provisions related to trustees and beneficiaries of the trust. 5. Corporate Texas Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form: This type of form is specifically designed for assignments involving corporations as the Assignor or Assignee. It includes additional provisions related to corporate governance and decision-making processes. These different types of Texas Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form cater to specific scenarios and legal requirements, ensuring a comprehensive and accurate transfer of overriding royalty interest. It is essential to select the appropriate form based on the nature and structure of the parties involved in the assignment.
