Assignor grants and sells to the assignees all mineral rights, royalty rights, and overriding royalty rights acquired by assignor or its predecessors-in-title. The assignment is made with warranty by through and under the Grantor, but no further.
A Frisco Texas Mineral, Royalty, and Overriding Royalty Conveyance Deed is a legal document that transfers ownership or interests in mineral rights, royalties, and overriding royalties located in the city of Frisco, Texas. These conveyance deeds play a significant role in the oil and gas industry, ensuring the proper transfer and management of these valuable assets. There are different types of Frisco Texas Mineral, Royalty, and Overriding Royalty Conveyance Deeds, including: 1. Mineral Conveyance Deed: This type of conveyance deed transfers the ownership of mineral rights to a new party. Mineral rights are the rights to extract and profit from minerals located beneath the surface of the land. 2. Royalty Conveyance Deed: Royalty conveyance deeds transfer the rights for a specific percentage or portion of the income generated from the production of minerals. The party receiving the conveyance will receive ongoing regular payments based on the value and quantity of minerals extracted. 3. Overriding Royalty Conveyance Deed: Overriding royalty conveyance deeds grant a party the right to receive a percentage or portion of the revenue generated from a lease or production of minerals. This type of conveyance does not involve transferring ownership of the underlying mineral rights, but rather the right to receive a portion of the profits. When drafting or reviewing a Frisco Texas Mineral, Royalty, and Overriding Royalty Conveyance Deed, it is essential to pay attention to relevant keywords and terms related to the document's purpose. Key phrases may include "mineral rights," "ownership transfer," "royalty interests," "profit sharing," "percentage of income," "production revenue," "lease agreements," "oil and gas industry," and "legal requirements." Understanding the distinctions between these conveyance deeds and their implications is crucial to ensure a smooth and lawful transfer of mineral rights and royalties in the Frisco, Texas area.A Frisco Texas Mineral, Royalty, and Overriding Royalty Conveyance Deed is a legal document that transfers ownership or interests in mineral rights, royalties, and overriding royalties located in the city of Frisco, Texas. These conveyance deeds play a significant role in the oil and gas industry, ensuring the proper transfer and management of these valuable assets. There are different types of Frisco Texas Mineral, Royalty, and Overriding Royalty Conveyance Deeds, including: 1. Mineral Conveyance Deed: This type of conveyance deed transfers the ownership of mineral rights to a new party. Mineral rights are the rights to extract and profit from minerals located beneath the surface of the land. 2. Royalty Conveyance Deed: Royalty conveyance deeds transfer the rights for a specific percentage or portion of the income generated from the production of minerals. The party receiving the conveyance will receive ongoing regular payments based on the value and quantity of minerals extracted. 3. Overriding Royalty Conveyance Deed: Overriding royalty conveyance deeds grant a party the right to receive a percentage or portion of the revenue generated from a lease or production of minerals. This type of conveyance does not involve transferring ownership of the underlying mineral rights, but rather the right to receive a portion of the profits. When drafting or reviewing a Frisco Texas Mineral, Royalty, and Overriding Royalty Conveyance Deed, it is essential to pay attention to relevant keywords and terms related to the document's purpose. Key phrases may include "mineral rights," "ownership transfer," "royalty interests," "profit sharing," "percentage of income," "production revenue," "lease agreements," "oil and gas industry," and "legal requirements." Understanding the distinctions between these conveyance deeds and their implications is crucial to ensure a smooth and lawful transfer of mineral rights and royalties in the Frisco, Texas area.
