This form is used when an Assignor transfers, assigns and conveys to Assignee an overriding royalty interest in all of the oil, gas, and other minerals produced, saved, and marketed from all of the Lands and Leases equal to a determined amount (the Override ), reserving the right to pool the assigned interest.
Oakland, Michigan is a county located in the state of Michigan, United States. Known for its diverse communities and vibrant economy, Oakland offers numerous opportunities for personal and professional growth. In this context, an assignment of overriding royalty interest when the assignor reserves the right to pool the assigned interest is a legal document that outlines the transfer of a portion of the revenue from an oil or gas well to another party. This type of assignment is often used in the energy industry to allow for collaboration and efficient resource extraction. The short form of the Oakland, Michigan Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest refers to a concise version of this legal document. It includes key provisions and clauses necessary to define the rights, obligations, and responsibilities of the assignor and assignee. This form is commonly used when parties are already familiar with the provisions of the agreement or when the assignment is straightforward and does not require extensive elaboration. Keywords: Oakland, Michigan, Assignment of Overriding Royalty Interest, assignor, reserves, right to pool, assigned interest, short form, oil, gas, well, transfer, revenue, energy industry, legal document, collaboration, resource extraction, provisions, clauses, rights, obligations, responsibilities, assignee.Oakland, Michigan is a county located in the state of Michigan, United States. Known for its diverse communities and vibrant economy, Oakland offers numerous opportunities for personal and professional growth. In this context, an assignment of overriding royalty interest when the assignor reserves the right to pool the assigned interest is a legal document that outlines the transfer of a portion of the revenue from an oil or gas well to another party. This type of assignment is often used in the energy industry to allow for collaboration and efficient resource extraction. The short form of the Oakland, Michigan Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest refers to a concise version of this legal document. It includes key provisions and clauses necessary to define the rights, obligations, and responsibilities of the assignor and assignee. This form is commonly used when parties are already familiar with the provisions of the agreement or when the assignment is straightforward and does not require extensive elaboration. Keywords: Oakland, Michigan, Assignment of Overriding Royalty Interest, assignor, reserves, right to pool, assigned interest, short form, oil, gas, well, transfer, revenue, energy industry, legal document, collaboration, resource extraction, provisions, clauses, rights, obligations, responsibilities, assignee.
