This form is used when an Assignor transfers, assigns, and conveys to Assignee an overriding royalty interest in the Leases and all oil, gas, and other minerals produced, saved, and marketed from the Lands and Leases equal to a percentage of 8/8 (the Override ).
Franklin, Ohio is a city located in Warren County, Ohio. It is home to various industries, including agriculture, manufacturing, and technology. The Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form is a legal document that outlines the transfer of overriding royalty interests from one party to another in relation to multiple lease agreements. This long form assignment document is typically used when there are multiple leases involved and the assignor wishes to transfer their overriding royalty interests without any proportionate reduction. The document ensures that the assignee receives the same percentage of royalties from each lease agreement, maintaining their rights to future oil, gas, or mineral production. There may be different types of Franklin Ohio Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form, depending on the specific terms and conditions outlined in the agreements. These forms can vary based on factors such as the parties involved, the duration of the assignment, and any additional provisions or restrictions. Some relevant keywords to consider while discussing Franklin Ohio Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form include: 1. Overriding Royalty Interest: A non-operating interest in the production of oil, gas, or minerals that entitles the holder to a percentage of the proceeds from the leases without having any obligation to cover costs associated with drilling or operation. 2. Lease Agreements: Legally binding contracts between the lessor (owner of minerals) and the lessee (company or individual who obtains rights to explore and extract resources). These agreements typically outline terms, royalties, payment structures, and other obligations. 3. Proportionate Reduction: A provision that could potentially reduce the assignee's share of the overriding royalty interest proportionately if the total production from the leases decreases over time. 4. Transfer of Rights: The process of assigning or transferring ownership of overriding royalty interests from one party (assignor) to another party (assignee). 5. Warren County, Ohio: The geographical area within which Franklin, Ohio is located. It is known for its rich agricultural heritage, contributing to the local economy and supporting various industries. In conclusion, the Franklin Ohio Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form is a legal document used to transfer overriding royalty interests from one party to another. It ensures that the assignee receives the same percentage of royalties from multiple lease agreements without any proportionate reduction. This document plays a crucial role in the oil, gas, and mineral industry, facilitating the smooth transfer of rights and protecting the interests of all parties involved.Franklin, Ohio is a city located in Warren County, Ohio. It is home to various industries, including agriculture, manufacturing, and technology. The Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form is a legal document that outlines the transfer of overriding royalty interests from one party to another in relation to multiple lease agreements. This long form assignment document is typically used when there are multiple leases involved and the assignor wishes to transfer their overriding royalty interests without any proportionate reduction. The document ensures that the assignee receives the same percentage of royalties from each lease agreement, maintaining their rights to future oil, gas, or mineral production. There may be different types of Franklin Ohio Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form, depending on the specific terms and conditions outlined in the agreements. These forms can vary based on factors such as the parties involved, the duration of the assignment, and any additional provisions or restrictions. Some relevant keywords to consider while discussing Franklin Ohio Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form include: 1. Overriding Royalty Interest: A non-operating interest in the production of oil, gas, or minerals that entitles the holder to a percentage of the proceeds from the leases without having any obligation to cover costs associated with drilling or operation. 2. Lease Agreements: Legally binding contracts between the lessor (owner of minerals) and the lessee (company or individual who obtains rights to explore and extract resources). These agreements typically outline terms, royalties, payment structures, and other obligations. 3. Proportionate Reduction: A provision that could potentially reduce the assignee's share of the overriding royalty interest proportionately if the total production from the leases decreases over time. 4. Transfer of Rights: The process of assigning or transferring ownership of overriding royalty interests from one party (assignor) to another party (assignee). 5. Warren County, Ohio: The geographical area within which Franklin, Ohio is located. It is known for its rich agricultural heritage, contributing to the local economy and supporting various industries. In conclusion, the Franklin Ohio Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form is a legal document used to transfer overriding royalty interests from one party to another. It ensures that the assignee receives the same percentage of royalties from multiple lease agreements without any proportionate reduction. This document plays a crucial role in the oil, gas, and mineral industry, facilitating the smooth transfer of rights and protecting the interests of all parties involved.
