Orange California Affidavit As to Termination of Production Payment

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• County: Orange
• 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. Orange, California Affidavit As to Termination of Production Payment is a legal document used in the state of California to terminate a production payment. This affidavit serves as a formal declaration stating that the production payment agreement has been terminated. It is required to be notarized and filed with the appropriate authorities. In Orange, California, there are two types of Affidavit As to Termination of Production Payment: 1. Voluntary Termination: This type of affidavit is used when both parties involved in the production payment agreement mutually agree to terminate it. It requires the signature of both the holder of the production payment and the granter. 2. Involuntary Termination: This type of affidavit is used when the production payment agreement is terminated due to certain circumstances, such as breach of contract or non-compliance with the terms and conditions. In this situation, the affidavit may be initiated by either party, but it generally contains a written notice of termination sent to the defaulting party before the affidavit is filed. When drafting an Orange, California Affidavit As to Termination of Production Payment, it is essential to include the following information: 1. Introduction: Begin the affidavit by stating the full names and addresses of the parties involved in the production payment agreement. Clearly identify yourself as the affine, declaring the termination. 2. Termination Details: Provide a detailed description of the production payment agreement, including the date it was established and any relevant identifying numbers or references. Specify the effective termination date. 3. Reasons for Termination: If applicable, outline the reasons for terminating the production payment agreement. This may include breach of contract, non-payment, or completion of obligations. 4. Execution and Notarization: Include a statement of truth, affirming that the information provided is accurate and complete to the best of your knowledge. Sign the affidavit in the presence of a notary, who will attest to your identity and witness your signature. 5. Affine's Contact Information: Include your contact information, such as your phone number and email address, in case further communication is required. Remember to consult with legal professionals or seek appropriate legal advice to ensure the accuracy and compliance of the affidavit.

Orange, California Affidavit As to Termination of Production Payment is a legal document used in the state of California to terminate a production payment. This affidavit serves as a formal declaration stating that the production payment agreement has been terminated. It is required to be notarized and filed with the appropriate authorities. In Orange, California, there are two types of Affidavit As to Termination of Production Payment: 1. Voluntary Termination: This type of affidavit is used when both parties involved in the production payment agreement mutually agree to terminate it. It requires the signature of both the holder of the production payment and the granter. 2. Involuntary Termination: This type of affidavit is used when the production payment agreement is terminated due to certain circumstances, such as breach of contract or non-compliance with the terms and conditions. In this situation, the affidavit may be initiated by either party, but it generally contains a written notice of termination sent to the defaulting party before the affidavit is filed. When drafting an Orange, California Affidavit As to Termination of Production Payment, it is essential to include the following information: 1. Introduction: Begin the affidavit by stating the full names and addresses of the parties involved in the production payment agreement. Clearly identify yourself as the affine, declaring the termination. 2. Termination Details: Provide a detailed description of the production payment agreement, including the date it was established and any relevant identifying numbers or references. Specify the effective termination date. 3. Reasons for Termination: If applicable, outline the reasons for terminating the production payment agreement. This may include breach of contract, non-payment, or completion of obligations. 4. Execution and Notarization: Include a statement of truth, affirming that the information provided is accurate and complete to the best of your knowledge. Sign the affidavit in the presence of a notary, who will attest to your identity and witness your signature. 5. Affine's Contact Information: Include your contact information, such as your phone number and email address, in case further communication is required. Remember to consult with legal professionals or seek appropriate legal advice to ensure the accuracy and compliance of the affidavit.