This deed grants, bargains, sells, conveys, and transfers to Grantee an undivided ten percent interest in and to all of Grantor's right, title, and interest in the oil, gas, and other minerals in, on, and under that may be produced from the agreed upon land.
Collin Texas Mineral Deed refers to a legal document that conveys ownership rights and interests in minerals located in Collin County, Texas, to another party. It outlines the transfer details, terms, and specifications related to the mineral rights being transferred. A Collin Texas Mineral Deed is a critical document for individuals or businesses involved in the mining or extraction industry, as it ensures clarity and transparency in the ownership of mineral rights. These rights typically include reserves of oil, gas, coal, metals, or other valuable minerals found within the specified property boundaries. There are different types of Collin Texas Mineral Deed, each serving specific purposes or addressing variations in mineral ownership: 1. General Mineral Deed: This type of mineral deed transfers the entire mineral rights from the granter (seller) to the grantee (buyer) without any restrictions, unless otherwise stated. 2. Limited Mineral Deed: Unlike a general mineral deed, a limited mineral deed transfers only a specific portion or fraction of the mineral rights to the grantee. This limitation may be due to various factors, such as shared ownership or reserved rights. 3. Override Mineral Deed: An override mineral deed grants the grantee a portion of the royalty interest or revenue share from an existing lease or mineral interest. It is commonly used in situations where the property has already been leased to a third party, and the granter wishes to share a portion of their mineral rights. 4. Leasehold Mineral Deed: A leasehold mineral deed transfers the exclusive right to explore, develop, and extract minerals from a specific property for a defined period. The grantee, known as the lessee, obtains the leasehold rights while the granter retains the ownership of the mineral rights. 5. Ratification Deed: A ratification deed is used to rectify any defects or irregularities in a prior mineral deed. This type of deed confirms and validates the previous transfer of mineral rights and ensures that the intended ownership is legally recognized. It is important for both parties involved in a Collin Texas Mineral Deed transaction to conduct thorough research and seek legal advice to ensure that the terms and conditions align with their interests and comply with applicable laws and regulations.Collin Texas Mineral Deed refers to a legal document that conveys ownership rights and interests in minerals located in Collin County, Texas, to another party. It outlines the transfer details, terms, and specifications related to the mineral rights being transferred. A Collin Texas Mineral Deed is a critical document for individuals or businesses involved in the mining or extraction industry, as it ensures clarity and transparency in the ownership of mineral rights. These rights typically include reserves of oil, gas, coal, metals, or other valuable minerals found within the specified property boundaries. There are different types of Collin Texas Mineral Deed, each serving specific purposes or addressing variations in mineral ownership: 1. General Mineral Deed: This type of mineral deed transfers the entire mineral rights from the granter (seller) to the grantee (buyer) without any restrictions, unless otherwise stated. 2. Limited Mineral Deed: Unlike a general mineral deed, a limited mineral deed transfers only a specific portion or fraction of the mineral rights to the grantee. This limitation may be due to various factors, such as shared ownership or reserved rights. 3. Override Mineral Deed: An override mineral deed grants the grantee a portion of the royalty interest or revenue share from an existing lease or mineral interest. It is commonly used in situations where the property has already been leased to a third party, and the granter wishes to share a portion of their mineral rights. 4. Leasehold Mineral Deed: A leasehold mineral deed transfers the exclusive right to explore, develop, and extract minerals from a specific property for a defined period. The grantee, known as the lessee, obtains the leasehold rights while the granter retains the ownership of the mineral rights. 5. Ratification Deed: A ratification deed is used to rectify any defects or irregularities in a prior mineral deed. This type of deed confirms and validates the previous transfer of mineral rights and ensures that the intended ownership is legally recognized. It is important for both parties involved in a Collin Texas Mineral Deed transaction to conduct thorough research and seek legal advice to ensure that the terms and conditions align with their interests and comply with applicable laws and regulations.
