This form is used to resolve any question as to how royalty is to be paid to the Parties in the event of production, under the Lease, on any part of the Lands. The Parties are entering into this Agreement to stipulate and agree to the ownership of each Party's respective share of the royalty reserved in the Lease payable for production attributable to their Interests from a well located anywhere on the Lands.
The Montgomery Maryland Agreement Governing Payment of Nonparticipating Royalty Under Segregated Tracts Covered by one Oil and Gas Lease is a legal contract that outlines the terms and conditions for the distribution of nonparticipating royalty payments. This agreement specifically applies to the Montgomery County area in Maryland and addresses the payment structures relating to segregated tracts covered by a single oil and gas lease. Keywords: Montgomery Maryland, Agreement, Governing, Payment, Nonparticipating Royalty, Segregated Tracts, Oil and Gas Lease. There may be different types or versions of the Montgomery Maryland Agreement Governing Payment of Nonparticipating Royalty Under Segregated Tracts Covered by one Oil and Gas Lease. Here are a few possible variations: 1. Standard Montgomery Maryland Agreement: This is the basic format of the agreement, which sets out the general provisions for the payment of nonparticipating royalty on segregated tracts within Montgomery County covered by a single oil and gas lease. 2. Amended Montgomery Maryland Agreement: This type of agreement may contain revisions or modifications to the standard agreement, reflecting specific amendments made by the parties involved. These amendments could be related to payment terms, distribution mechanisms, or other relevant aspects. 3. Supplementary Montgomery Maryland Agreement: In certain cases, additional agreements might be appended to the standard agreement to address specific issues or circumstances. These supplementary agreements may deal with topics such as dispute resolution, royalty adjustments, or changes in lease boundaries. 4. Long-Term Montgomery Maryland Agreement: A long-term version of the agreement could be established to cover an extended period and provide more stability and predictability in terms of nonparticipating royalty payments. This type of agreement might involve longer lease durations or fixed payment structures. 5. County-Specific Montgomery Maryland Agreement: Some agreements may be tailored to specific counties within Maryland, including Montgomery County. These agreements would take into account any unique regulations or requirements that apply to that particular county. It is important to note that the exact terminology and variations of the Montgomery Maryland Agreement may vary depending on specific legal practices, local regulations, and the preferences of the parties involved.The Montgomery Maryland Agreement Governing Payment of Nonparticipating Royalty Under Segregated Tracts Covered by one Oil and Gas Lease is a legal contract that outlines the terms and conditions for the distribution of nonparticipating royalty payments. This agreement specifically applies to the Montgomery County area in Maryland and addresses the payment structures relating to segregated tracts covered by a single oil and gas lease. Keywords: Montgomery Maryland, Agreement, Governing, Payment, Nonparticipating Royalty, Segregated Tracts, Oil and Gas Lease. There may be different types or versions of the Montgomery Maryland Agreement Governing Payment of Nonparticipating Royalty Under Segregated Tracts Covered by one Oil and Gas Lease. Here are a few possible variations: 1. Standard Montgomery Maryland Agreement: This is the basic format of the agreement, which sets out the general provisions for the payment of nonparticipating royalty on segregated tracts within Montgomery County covered by a single oil and gas lease. 2. Amended Montgomery Maryland Agreement: This type of agreement may contain revisions or modifications to the standard agreement, reflecting specific amendments made by the parties involved. These amendments could be related to payment terms, distribution mechanisms, or other relevant aspects. 3. Supplementary Montgomery Maryland Agreement: In certain cases, additional agreements might be appended to the standard agreement to address specific issues or circumstances. These supplementary agreements may deal with topics such as dispute resolution, royalty adjustments, or changes in lease boundaries. 4. Long-Term Montgomery Maryland Agreement: A long-term version of the agreement could be established to cover an extended period and provide more stability and predictability in terms of nonparticipating royalty payments. This type of agreement might involve longer lease durations or fixed payment structures. 5. County-Specific Montgomery Maryland Agreement: Some agreements may be tailored to specific counties within Maryland, including Montgomery County. These agreements would take into account any unique regulations or requirements that apply to that particular county. It is important to note that the exact terminology and variations of the Montgomery Maryland Agreement may vary depending on specific legal practices, local regulations, and the preferences of the parties involved.
