Philadelphia Pennsylvania Affidavit of Nonrevocation of Power of Attorney on Date of Execution of Oil and Gas Lease

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• County: Philadelphia
• Control #: US-OG-184
• 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). The form is used to declare that the appointment of the named attorney as the Lessor's Attorney-in-Fact had not been revoked by Lessor Philadelphia Pennsylvania Affidavit of Nonrevocation of Power of Attorney on Date of Execution of Oil and Gas Lease is a legally binding document that confirms the nonrevocation of a power of attorney in relation to the execution of an oil and gas lease. It serves as a declaration of the granter's intention to keep the designated power of attorney in effect at the time of executing the lease agreement. In Philadelphia, Pennsylvania, this Affidavit is a crucial element in the execution of oil and gas leases. It helps ensure the proper transfer of rights and responsibilities between parties involved in the lease agreement. By signing this document, the granter affirms the continuance of the power of attorney, allowing the designated attorney-in-fact to represent and act on behalf of the granter in all matters related to the oil and gas lease. Keywords: 1. Philadelphia Pennsylvania: Refers to the specific jurisdiction and legal requirements applicable to this Affidavit in Philadelphia, Pennsylvania. 2. Affidavit: A sworn statement of facts made under oath before a notary public or authorized officer. 3. Nonrevocation: Indicates the confirmation that the power of attorney remains in effect and has not been revoked. 4. Power of Attorney: A legal instrument granting authority to another person (the attorney-in-fact) to act on behalf of the granter (the person giving the power). 5. Execution: The process of signing a legal document, in this case, the oil and gas lease agreement. 6. Oil and Gas Lease: A contract that grants rights to explore, extract, and produce oil and gas resources on a designated property. Types of Philadelphia Pennsylvania Affidavit of Nonrevocation of Power of Attorney on Date of Execution of Oil and Gas Lease: 1. Individual Nonrevocation Affidavit: Signed by an individual granter who has designated a power of attorney for the purpose of executing the oil and gas lease. 2. Corporate Nonrevocation Affidavit: Used when a corporation has granted a power of attorney to a representative, authorizing them to execute the oil and gas lease on behalf of the corporation. 3. Trust Nonrevocation Affidavit: Pertains to situations where a trust has granted a power of attorney, and the trustee or designated representative intends to execute the oil and gas lease in accordance with the terms of the trust. Overall, the Philadelphia Pennsylvania Affidavit of Nonrevocation of Power of Attorney on Date of Execution of Oil and Gas Lease is essential to ensure a smooth and legally compliant transfer of rights in the oil and gas industry. It confirms the ongoing authority of the designated attorney-in-fact and provides assurance to all parties involved in the lease agreement.

Philadelphia Pennsylvania Affidavit of Nonrevocation of Power of Attorney on Date of Execution of Oil and Gas Lease is a legally binding document that confirms the nonrevocation of a power of attorney in relation to the execution of an oil and gas lease. It serves as a declaration of the granter's intention to keep the designated power of attorney in effect at the time of executing the lease agreement. In Philadelphia, Pennsylvania, this Affidavit is a crucial element in the execution of oil and gas leases. It helps ensure the proper transfer of rights and responsibilities between parties involved in the lease agreement. By signing this document, the granter affirms the continuance of the power of attorney, allowing the designated attorney-in-fact to represent and act on behalf of the granter in all matters related to the oil and gas lease. Keywords: 1. Philadelphia Pennsylvania: Refers to the specific jurisdiction and legal requirements applicable to this Affidavit in Philadelphia, Pennsylvania. 2. Affidavit: A sworn statement of facts made under oath before a notary public or authorized officer. 3. Nonrevocation: Indicates the confirmation that the power of attorney remains in effect and has not been revoked. 4. Power of Attorney: A legal instrument granting authority to another person (the attorney-in-fact) to act on behalf of the granter (the person giving the power). 5. Execution: The process of signing a legal document, in this case, the oil and gas lease agreement. 6. Oil and Gas Lease: A contract that grants rights to explore, extract, and produce oil and gas resources on a designated property. Types of Philadelphia Pennsylvania Affidavit of Nonrevocation of Power of Attorney on Date of Execution of Oil and Gas Lease: 1. Individual Nonrevocation Affidavit: Signed by an individual granter who has designated a power of attorney for the purpose of executing the oil and gas lease. 2. Corporate Nonrevocation Affidavit: Used when a corporation has granted a power of attorney to a representative, authorizing them to execute the oil and gas lease on behalf of the corporation. 3. Trust Nonrevocation Affidavit: Pertains to situations where a trust has granted a power of attorney, and the trustee or designated representative intends to execute the oil and gas lease in accordance with the terms of the trust. Overall, the Philadelphia Pennsylvania Affidavit of Nonrevocation of Power of Attorney on Date of Execution of Oil and Gas Lease is essential to ensure a smooth and legally compliant transfer of rights in the oil and gas industry. It confirms the ongoing authority of the designated attorney-in-fact and provides assurance to all parties involved in the lease agreement.