King Washington Gift Deed of Nonparticipating Royalty Interest with No Warranty

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• County: King
• Control #: US-OG-042
• Format: Word; Rich Text

Description

This form provides for a conveyance of a nonparticipating royalty interest in specific lands. A King Washington Gift Deed of Nonparticipating Royalty Interest with No Warranty is a legal document that transfer the ownership of a non-participating royalty interest in an oil, gas, or mineral property to another party without any warranties or guarantees. This type of deed is commonly used in the energy industry for transferring ownership rights to royalty interest holders. The purpose of a King Washington Gift Deed of Nonparticipating Royalty Interest with No Warranty is to provide a means for one party to convey their interest in the royalties generated from a particular property to another party. By executing this deed, the current owner effectively gifts their interest in the royalty payments to the recipient, without any assurance of the interest's accuracy, validity or revenue potential. It's essential to note that there may be different variations or subtypes of the King Washington Gift Deed of Nonparticipating Royalty Interest with No Warranty based on specific circumstances or agreements between the parties involved. These variations could include specific conditions, limitations, or additional clauses that modify the basic terms of the gift deed. Some relevant keywords associated with this type of deed include nonparticipating royalty interest, gifting, transfer of ownership, oil and gas property, royalty payments, energy industry, no warranties, no guarantees, legal document, property conveyance, and ownership rights. It's crucial to consult with legal professionals experienced in the energy industry and real estate law to understand the specific details and implications of a King Washington Gift Deed of Nonparticipating Royalty Interest with No Warranty. By doing so, both parties involved can ensure a proper understanding of the rights and responsibilities associated with the transfer of nonparticipating royalty interest.

A King Washington Gift Deed of Nonparticipating Royalty Interest with No Warranty is a legal document that transfer the ownership of a non-participating royalty interest in an oil, gas, or mineral property to another party without any warranties or guarantees. This type of deed is commonly used in the energy industry for transferring ownership rights to royalty interest holders. The purpose of a King Washington Gift Deed of Nonparticipating Royalty Interest with No Warranty is to provide a means for one party to convey their interest in the royalties generated from a particular property to another party. By executing this deed, the current owner effectively gifts their interest in the royalty payments to the recipient, without any assurance of the interest's accuracy, validity or revenue potential. It's essential to note that there may be different variations or subtypes of the King Washington Gift Deed of Nonparticipating Royalty Interest with No Warranty based on specific circumstances or agreements between the parties involved. These variations could include specific conditions, limitations, or additional clauses that modify the basic terms of the gift deed. Some relevant keywords associated with this type of deed include nonparticipating royalty interest, gifting, transfer of ownership, oil and gas property, royalty payments, energy industry, no warranties, no guarantees, legal document, property conveyance, and ownership rights. It's crucial to consult with legal professionals experienced in the energy industry and real estate law to understand the specific details and implications of a King Washington Gift Deed of Nonparticipating Royalty Interest with No Warranty. By doing so, both parties involved can ensure a proper understanding of the rights and responsibilities associated with the transfer of nonparticipating royalty interest.