Franklin Ohio Affidavit As to Termination of Production Payment

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• County: Franklin
• Control #: US-OG-171
• Format: Word; Rich Text

Description

An affidavit is statement of facts which is sworn to (or affirmed) before an officer who has authority to administer an oath (e.g. a notary public). This affidavit form is used when the Production Payment is deemed to have been satisfied and no longer burdens the Oil and Gas Leases on the Land. Franklin Ohio Affidavit as to Termination of Production Payment is a legal document that pertains to the termination and discontinuation of a production payment in Franklin County, Ohio. A production payment is a contractual right to receive a portion of the proceeds from the sale of oil, gas, or other minerals produced from a specific property. This affidavit serves as a legally binding statement made by the party terminating the production payment, affirming their intent and action to terminate the payment. It contains crucial information about the termination, including the date of termination, parties involved, and any relevant agreements or contracts that are being terminated. In Franklin County, Ohio, there are several types of Franklin Ohio Affidavit as to Termination of Production Payment that may be found, based on the specific circumstances and agreements between the parties involved: 1. Franklin Ohio Affidavit as to Termination of Production Payment — Document Only: This type of affidavit is used when there is a mutual agreement between the parties involved to terminate the production payment. It requires the signatures of all the parties, confirming their consent to terminate the payment. 2. Franklin Ohio Affidavit as to Termination of Production Payment — Payment Complete: This type of affidavit is used when the production payment has been fully paid off or satisfied. It requires the party terminating the payment to provide proof that the payment has been fulfilled, such as bank statements or other relevant documents. 3. Franklin Ohio Affidavit as to Termination of Production Payment — Breach of Agreement: This type of affidavit is used when one party believes that the other party has breached the terms of the production payment agreement, which justifies its termination. It requires the party terminating the payment to provide evidence of the breach. 4. Franklin Ohio Affidavit as to Termination of Production Payment — Change in Ownership: This type of affidavit is used when there has been a change in ownership of the property that is subject to the production payment. It requires the new owner to submit an affidavit stating their intention to terminate the payment. It is important to note that these are just examples of potential types of Franklin Ohio Affidavit as to Termination of Production Payment. The specific type and requirements may vary depending on the unique circumstances and agreements between the parties involved. In conclusion, a Franklin Ohio Affidavit as to Termination of Production Payment is a legal document utilized in Franklin County, Ohio, to officially terminate a production payment. The affidavit may vary in type and requirements, depending on factors such as mutual agreement, payment completion, breach of agreement, or change in ownership.

Franklin Ohio Affidavit as to Termination of Production Payment is a legal document that pertains to the termination and discontinuation of a production payment in Franklin County, Ohio. A production payment is a contractual right to receive a portion of the proceeds from the sale of oil, gas, or other minerals produced from a specific property. This affidavit serves as a legally binding statement made by the party terminating the production payment, affirming their intent and action to terminate the payment. It contains crucial information about the termination, including the date of termination, parties involved, and any relevant agreements or contracts that are being terminated. In Franklin County, Ohio, there are several types of Franklin Ohio Affidavit as to Termination of Production Payment that may be found, based on the specific circumstances and agreements between the parties involved: 1. Franklin Ohio Affidavit as to Termination of Production Payment — Document Only: This type of affidavit is used when there is a mutual agreement between the parties involved to terminate the production payment. It requires the signatures of all the parties, confirming their consent to terminate the payment. 2. Franklin Ohio Affidavit as to Termination of Production Payment — Payment Complete: This type of affidavit is used when the production payment has been fully paid off or satisfied. It requires the party terminating the payment to provide proof that the payment has been fulfilled, such as bank statements or other relevant documents. 3. Franklin Ohio Affidavit as to Termination of Production Payment — Breach of Agreement: This type of affidavit is used when one party believes that the other party has breached the terms of the production payment agreement, which justifies its termination. It requires the party terminating the payment to provide evidence of the breach. 4. Franklin Ohio Affidavit as to Termination of Production Payment — Change in Ownership: This type of affidavit is used when there has been a change in ownership of the property that is subject to the production payment. It requires the new owner to submit an affidavit stating their intention to terminate the payment. It is important to note that these are just examples of potential types of Franklin Ohio Affidavit as to Termination of Production Payment. The specific type and requirements may vary depending on the unique circumstances and agreements between the parties involved. In conclusion, a Franklin Ohio Affidavit as to Termination of Production Payment is a legal document utilized in Franklin County, Ohio, to officially terminate a production payment. The affidavit may vary in type and requirements, depending on factors such as mutual agreement, payment completion, breach of agreement, or change in ownership.