This form is used when an Agent declares and acknowledges that the consideration for an Assignment should accrue to the benefit of Principal, and that Principal is the owner of the reserved interest in the Assignment. To give effect to declaration, Agent, as Assignor, grants, sells, and assigns to Principal, as Assignee, all of Agent's interest in the Lease and the interest reserved by Agent in the Assignment.
The West Virginia Declaration That Oil and Gas Lease Was Acquired by Agent For Principal is a legal document that affirms the acquisition of an oil and gas lease by an agent acting on behalf of a principal. This declaration serves as evidence and formal acknowledgment of the agent's authority to enter into such agreements. In West Virginia, there are two main types of declarations regarding the acquisition of an oil and gas lease by an agent for a principal: 1. Unconditional Declaration: This type of declaration states that the acquisition of the oil and gas lease by the agent was unconditional and without any reservations or contingencies. It confirms that the agent has complete authority to act on behalf of the principal and that the lease has been acquired in accordance with the principal's instructions. 2. Conditional Declaration: Unlike the unconditional declaration, a conditional declaration specifies certain conditions or limitations imposed on the agent's authority to acquire the oil and gas lease. These conditions may relate to specific terms, pricing, or other factors that need to be met before the acquisition is considered valid. The conditional declaration ensures that the agent's actions align with the principal's intentions and protects the principal's interests. Keywords: West Virginia, Declaration, Oil and Gas Lease, Acquired, Agent, Principal, Legal Document, Authority, Unconditional, Conditional. Please note that while this content provides a general overview of the topic, it is always advisable to seek legal advice from a qualified professional when dealing with specific legal matters.The West Virginia Declaration That Oil and Gas Lease Was Acquired by Agent For Principal is a legal document that affirms the acquisition of an oil and gas lease by an agent acting on behalf of a principal. This declaration serves as evidence and formal acknowledgment of the agent's authority to enter into such agreements. In West Virginia, there are two main types of declarations regarding the acquisition of an oil and gas lease by an agent for a principal: 1. Unconditional Declaration: This type of declaration states that the acquisition of the oil and gas lease by the agent was unconditional and without any reservations or contingencies. It confirms that the agent has complete authority to act on behalf of the principal and that the lease has been acquired in accordance with the principal's instructions. 2. Conditional Declaration: Unlike the unconditional declaration, a conditional declaration specifies certain conditions or limitations imposed on the agent's authority to acquire the oil and gas lease. These conditions may relate to specific terms, pricing, or other factors that need to be met before the acquisition is considered valid. The conditional declaration ensures that the agent's actions align with the principal's intentions and protects the principal's interests. Keywords: West Virginia, Declaration, Oil and Gas Lease, Acquired, Agent, Principal, Legal Document, Authority, Unconditional, Conditional. Please note that while this content provides a general overview of the topic, it is always advisable to seek legal advice from a qualified professional when dealing with specific legal matters.
