This form is used when an Agent declares and acknowledges that the consideration for an Assignment should accrue to the benefit of Principal, and that Principal is the owner of the reserved interest in the Assignment. To give effect to declaration, Agent, as Assignor, grants, sells, and assigns to Principal, as Assignee, all of Agent's interest in the Lease and the interest reserved by Agent in the Assignment.
The Wake North Carolina Declaration That Oil and Gas Lease Was Acquired by Agent For Principal is a legal document that certifies the acquisition of an oil and gas lease by an agent acting on behalf of a principal in Wake County, North Carolina. This declaration serves as evidence that the agent, with the authority granted to them by the principal, has executed a lease agreement for the exploration and production of oil and gas resources on a specific property. When drafting the Wake North Carolina Declaration That Oil and Gas Lease Was Acquired by Agent For Principal, it is essential to include specific keywords to ensure the document effectively covers all relevant aspects. Keywords should encompass information regarding the agent's authority, the principal's involvement, the leased property, and the transaction details. Here is an example of content using relevant keywords: 1. Introduction: The Wake North Carolina Declaration That Oil and Gas Lease Was Acquired by Agent For Principal is a legal declaration made to affirm that an authorized agent, acting on behalf of a principal, has obtained an oil and gas lease within Wake County, North Carolina. 2. Agent and Principal: This declaration acknowledges the existence of an agent-principal relationship, wherein the agent is legally authorized to act on behalf of the principal. It is crucial to mention the specific names and addresses of both the agent and the principal in this section. 3. Lease Acquisition: Specify that the authorized agent, in accordance with the principal's instruction and granted authority, successfully acquired the lease for oil and gas exploration and production. Include relevant details such as the lease's effective date, term, specific property description (including address, legal description, and any unique identifiers), and any additional conditions or terms. 4. Principal's Confirmation: State that the principal confirms and acknowledges the agent's acquisition of the oil and gas lease on their behalf. This confirmation should emphasize that the principal grants the agent the full authority to negotiate, execute, and modify any necessary agreements related to the lease acquisition. 5. Signatures and Notarization: Include spaces for the agent's and principal's signatures, along with their printed names and dates. To ensure the declaration's legitimacy, the document must be notarized by a certified notary public, including the notary's signature, seal, and the date of notarization. Different types of Wake North Carolina Declarations That Oil and Gas Lease Was Acquired by Agent For Principal may vary depending on specific circumstances. For example, the declaration may differ when the leased property is located on private land or when it pertains to a specific oil and gas drilling project. Additionally, variations can occur based on the individuals/entities involved, such as corporations, partnerships, or individuals acting as agents or principals. Consequently, it's crucial to tailor the declaration to accurately reflect the unique details of the lease acquisition situation.The Wake North Carolina Declaration That Oil and Gas Lease Was Acquired by Agent For Principal is a legal document that certifies the acquisition of an oil and gas lease by an agent acting on behalf of a principal in Wake County, North Carolina. This declaration serves as evidence that the agent, with the authority granted to them by the principal, has executed a lease agreement for the exploration and production of oil and gas resources on a specific property. When drafting the Wake North Carolina Declaration That Oil and Gas Lease Was Acquired by Agent For Principal, it is essential to include specific keywords to ensure the document effectively covers all relevant aspects. Keywords should encompass information regarding the agent's authority, the principal's involvement, the leased property, and the transaction details. Here is an example of content using relevant keywords: 1. Introduction: The Wake North Carolina Declaration That Oil and Gas Lease Was Acquired by Agent For Principal is a legal declaration made to affirm that an authorized agent, acting on behalf of a principal, has obtained an oil and gas lease within Wake County, North Carolina. 2. Agent and Principal: This declaration acknowledges the existence of an agent-principal relationship, wherein the agent is legally authorized to act on behalf of the principal. It is crucial to mention the specific names and addresses of both the agent and the principal in this section. 3. Lease Acquisition: Specify that the authorized agent, in accordance with the principal's instruction and granted authority, successfully acquired the lease for oil and gas exploration and production. Include relevant details such as the lease's effective date, term, specific property description (including address, legal description, and any unique identifiers), and any additional conditions or terms. 4. Principal's Confirmation: State that the principal confirms and acknowledges the agent's acquisition of the oil and gas lease on their behalf. This confirmation should emphasize that the principal grants the agent the full authority to negotiate, execute, and modify any necessary agreements related to the lease acquisition. 5. Signatures and Notarization: Include spaces for the agent's and principal's signatures, along with their printed names and dates. To ensure the declaration's legitimacy, the document must be notarized by a certified notary public, including the notary's signature, seal, and the date of notarization. Different types of Wake North Carolina Declarations That Oil and Gas Lease Was Acquired by Agent For Principal may vary depending on specific circumstances. For example, the declaration may differ when the leased property is located on private land or when it pertains to a specific oil and gas drilling project. Additionally, variations can occur based on the individuals/entities involved, such as corporations, partnerships, or individuals acting as agents or principals. Consequently, it's crucial to tailor the declaration to accurately reflect the unique details of the lease acquisition situation.
