Franklin Ohio Conveyance of Overriding Royalty Interest refers to a legal document that transfers the entitlement to a portion of the revenue generated from oil, gas, or mineral production in the Franklin County, Ohio area. This type of conveyance is significant for individuals or entities seeking to benefit financially from the extraction and exploration of natural resources. Keywords: Franklin Ohio, Conveyance, Overriding Royalty Interest, mineral production, oil, gas, exploration, extraction, revenue, benefits, legal document. There are different types of Franklin Ohio Conveyance of Overriding Royalty Interest, including: 1. Limited Conveyance: This type of conveyance grants a specific percentage or fixed amount of overriding royalty interest to the grantee. It usually has a defined duration or may be restricted to specific mineral deposits or wells. 2. Full Conveyance: In a full conveyance, all overriding royalty interest associated with a particular property or mineral rights is transferred to the grantee. 3. Partial Conveyance: This type of conveyance allows for transferring a partial interest in the overriding royalty, typically represented as a percentage or fraction, while the granter retains the remaining portion. 4. Perpetual Conveyance: A perpetually conveyed overriding royalty interest means that it lasts indefinitely. The grantee will continue receiving the designated portion of revenue for as long as the mineral production continues. 5. Temporal Conveyance: Unlike perpetual conveyance, temporal conveyance refers to a time-limited transfer of overriding royalty interest, subject to a predetermined expiration date or conditions. In conclusion, the Franklin Ohio Conveyance of Overriding Royalty Interest is a legal agreement that enables the transfer of a portion of revenue from mineral production in Franklin County, Ohio. It allows individuals or entities to benefit financially from the exploration and extraction of natural resources, with different types of conveyance offering various durations, amounts, or restrictions.
Franklin Ohio Conveyance of Overriding Royalty Interest
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