This form is used when a Principal and an Agent enter into a Escrow Agreement for the purpose of setting forth the terms and provisions by which the Agent will act as trustee for the holding of earnest money paid by a third party to the Principal under the Agreement.
The Travis Texas Escrow Agreement for Sale of Undivided Interest in Oil and Gas Leases is a legally binding contract that governs the sale and transfer of a partial ownership stake in oil and gas leases located in Travis County, Texas. This agreement acts as a safeguard for both the buyer and the seller, ensuring that the transaction proceeds smoothly and all parties involved are protected. Keywords: Travis Texas, Escrow Agreement, Sale of Undivided Interest, Oil and Gas Leases, Travis County, Texas, legally binding contract, sale and transfer, partial ownership stake, safeguard, buyer, seller, transaction, parties involved, protected. There may be different types of Travis Texas Escrow Agreements for Sale of Undivided Interest in Oil and Gas Leases, depending on specific requirements or variations in the transaction. These may include: 1. Partial Interest Escrow Agreement: This agreement is used when the seller wants to sell only a portion of their ownership interest in the oil and gas leases. It defines the terms and conditions for the sale of a specified fraction or percentage of the interest. 2. Non-Operated Interest Escrow Agreement: This type of agreement is applicable when the interest being sold does not grant the buyer any operational control over the oil and gas leases. It outlines the rights and limitations associated with the non-operating interest being transferred. 3. Working Interest Escrow Agreement: In cases where the buyer acquires a working interest, allowing them to have a say in the operations and decision-making process of the oil and gas leases, this agreement is used. It covers the responsibilities and obligations of both parties involved in the sale. 4. Surface Lease Interest Escrow Agreement: If the sale involves the transfer of a partial interest solely in the surface lease rights, this specific agreement is employed. It details the terms and conditions for the sale of surface rights, separate from other mineral rights or interests. By utilizing the appropriate type of Travis Texas Escrow Agreement for Sale of Undivided Interest in Oil and Gas Leases, all parties can ensure that their rights and obligations are clearly defined and protected throughout the transaction.The Travis Texas Escrow Agreement for Sale of Undivided Interest in Oil and Gas Leases is a legally binding contract that governs the sale and transfer of a partial ownership stake in oil and gas leases located in Travis County, Texas. This agreement acts as a safeguard for both the buyer and the seller, ensuring that the transaction proceeds smoothly and all parties involved are protected. Keywords: Travis Texas, Escrow Agreement, Sale of Undivided Interest, Oil and Gas Leases, Travis County, Texas, legally binding contract, sale and transfer, partial ownership stake, safeguard, buyer, seller, transaction, parties involved, protected. There may be different types of Travis Texas Escrow Agreements for Sale of Undivided Interest in Oil and Gas Leases, depending on specific requirements or variations in the transaction. These may include: 1. Partial Interest Escrow Agreement: This agreement is used when the seller wants to sell only a portion of their ownership interest in the oil and gas leases. It defines the terms and conditions for the sale of a specified fraction or percentage of the interest. 2. Non-Operated Interest Escrow Agreement: This type of agreement is applicable when the interest being sold does not grant the buyer any operational control over the oil and gas leases. It outlines the rights and limitations associated with the non-operating interest being transferred. 3. Working Interest Escrow Agreement: In cases where the buyer acquires a working interest, allowing them to have a say in the operations and decision-making process of the oil and gas leases, this agreement is used. It covers the responsibilities and obligations of both parties involved in the sale. 4. Surface Lease Interest Escrow Agreement: If the sale involves the transfer of a partial interest solely in the surface lease rights, this specific agreement is employed. It details the terms and conditions for the sale of surface rights, separate from other mineral rights or interests. By utilizing the appropriate type of Travis Texas Escrow Agreement for Sale of Undivided Interest in Oil and Gas Leases, all parties can ensure that their rights and obligations are clearly defined and protected throughout the transaction.
