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 Washington Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form is a legal document used in Washington state to transfer the rights to an overriding royalty interest while allowing the assignor to retain the right to pool the assigned interest. This document is commonly used in the oil and gas industry when parties want to assign their interests in a lease or property but still want to have the flexibility to pool the assigned interest with other interests. Keywords: Washington Assignment of Overriding Royalty Interest, assignor reserves the right, pool the assigned interest, Short Form, oil and gas industry, lease, property. Types of Washington Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form: 1. Individual Assignment: This type of assignment is used when an individual assignor wishes to transfer their overriding royalty interest rights to another party while retaining the right to pool the assigned interest. 2. Corporate Assignment: In this type of assignment, a corporation assigns its overriding royalty interest to another party while reserving the right to pool the assigned interest. This is commonly used when a company wants to transfer its interest while maintaining the ability to pool with other interests. 3. Partnership Assignment: This assignment type involves a partnership transferring its overriding royalty interest to another party while reserving the right to pool the assigned interest. Partnerships often use this form when they want to assign their interest but still have the flexibility to pool resources with other partners. 4. Trust Assignment: A trust assignment occurs when a trust transfers its overriding royalty interest to another party while retaining the right to pool the assigned interest. This type of assignment is frequently used when the trust beneficiaries want to assign their interests but still have the option to pool those interests with other parties. 5. Partial Assignment: Sometimes, a partial assignment is used when the assignor only wants to transfer a portion of their overriding royalty interest while still maintaining the right to pool the remaining interest. This allows for flexibility in managing and leveraging the assigned interest. 6. Group Assignment: A group assignment is utilized when multiple assignors collectively transfer their overriding royalty interests to a single assignee while reserving the right to pool the assigned interests as a group. This form is prevalent when a group of individuals or entities wants to convey their interests but continue to work together by pooling their resources. Overall, the Washington Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form provides a legally binding way to transfer overriding royalty interests while preserving the assignor's ability to pool the assigned interests with others. Different types of assignments can be used based on the assignor's status (individual, corporation, partnership, trust) and the extent of the transfer (full or partial).The Washington Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form is a legal document used in Washington state to transfer the rights to an overriding royalty interest while allowing the assignor to retain the right to pool the assigned interest. This document is commonly used in the oil and gas industry when parties want to assign their interests in a lease or property but still want to have the flexibility to pool the assigned interest with other interests. Keywords: Washington Assignment of Overriding Royalty Interest, assignor reserves the right, pool the assigned interest, Short Form, oil and gas industry, lease, property. Types of Washington Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form: 1. Individual Assignment: This type of assignment is used when an individual assignor wishes to transfer their overriding royalty interest rights to another party while retaining the right to pool the assigned interest. 2. Corporate Assignment: In this type of assignment, a corporation assigns its overriding royalty interest to another party while reserving the right to pool the assigned interest. This is commonly used when a company wants to transfer its interest while maintaining the ability to pool with other interests. 3. Partnership Assignment: This assignment type involves a partnership transferring its overriding royalty interest to another party while reserving the right to pool the assigned interest. Partnerships often use this form when they want to assign their interest but still have the flexibility to pool resources with other partners. 4. Trust Assignment: A trust assignment occurs when a trust transfers its overriding royalty interest to another party while retaining the right to pool the assigned interest. This type of assignment is frequently used when the trust beneficiaries want to assign their interests but still have the option to pool those interests with other parties. 5. Partial Assignment: Sometimes, a partial assignment is used when the assignor only wants to transfer a portion of their overriding royalty interest while still maintaining the right to pool the remaining interest. This allows for flexibility in managing and leveraging the assigned interest. 6. Group Assignment: A group assignment is utilized when multiple assignors collectively transfer their overriding royalty interests to a single assignee while reserving the right to pool the assigned interests as a group. This form is prevalent when a group of individuals or entities wants to convey their interests but continue to work together by pooling their resources. Overall, the Washington Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form provides a legally binding way to transfer overriding royalty interests while preserving the assignor's ability to pool the assigned interests with others. Different types of assignments can be used based on the assignor's status (individual, corporation, partnership, trust) and the extent of the transfer (full or partial).
