Fulton Georgia Assignment of Overriding Royalty Interest — Short Form is a legal document used to transfer ownership of an overriding royalty interest (ORRIS) in Fulton County, Georgia. This document is commonly employed in the oil and gas industry and is designed to provide a concise and streamlined method for transferring ownership rights. In the context of oil and gas operations, an overriding royalty interest refers to a non-operating interest in the production of oil and gas reserves. It entitles the owner to a certain percentage or fraction of the value of oil and gas produced from a specific well or lease. The Assignment of Overriding Royalty Interest — Short Form allows this interest to be assigned or transferred to another entity or individual. The content of the Fulton Georgia Assignment of Overriding Royalty Interest — Short Form typically includes the legal names and addresses of both the assignor (current owner) and assignee (new owner), the effective date of the assignment, a detailed description of the ORRIS being transferred, and the consideration or payment for the assignment. Additional clauses may be included to cover any specific requirements or provisions necessary for the transaction. Though the short form is a commonly used format, it is important to note that there may be variations or different types of the Fulton Georgia Assignment of Overriding Royalty Interest form, such as a long form or customized versions. These variations usually stem from specific contractual requirements or unique circumstances pertaining to the transaction. Key terms and phrases relevant to this content include "Fulton Georgia", "Assignment of Overriding Royalty Interest", "ORRIS", "Short Form", "oil and gas industry", "transfer of ownership", "non-operating interest", "production of oil and gas reserves", "assignor", "assignee", "effective date", "consideration", "legal names and addresses", and "customized versions".
Fulton Georgia Assignment of Overriding Royalty Interest - Short Form
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How to fill out Fulton Georgia Assignment Of Overriding Royalty Interest - Short Form?
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