King Washington Further Assurances

Name: King Washington Further Assurances
Brand: US Legal Forms
Rating: 4.6 (443 reviews)

Category:

Oil Gas and Minerals - Assignments

State:

Multi-State

County:

King

Control #:

US-OG-496

Format:

Instant download

Description

In this form, the assignor and assignee agree to take all further actions and execute, have acknowledged, and deliver all further documents that are necessary or useful in carrying out the purposes and intent of the assignment.

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FAQ

A covenant of further assurances is the related promise that the grantor will do whatever is necessary to remove a defect associated with title, such as an encumbrance, if it arises, and if the problem is not fixed, damages will be awarded.

This Agreement constitutes the entire agreement of the parties with regard to the subject matter hereof, and supersedes all previous written or oral representations, agreements and understandings between the parties, whether expressed or implied.

The present covenants are: Covenant of Seisin. Guarantees the grantor has legal possession of the property. Covenant of Right To Convey. Guarantees that the grantor has the right to sell the property. Covenant Against Encumbrances.

This signals the Court that the agreement is complete, and that no additional terms exist in the underlying agreement ? one of the terms of the written contract must be that there are no other terms outside the contract! Moreover, integration clauses can clarify the circumstances into which an agreement is entered.

In contract law, an integration clause?also sometimes called a merger clause or an entire agreement clause?is a provision that states that the terms of a contract are the complete and final agreement between the parties.

A further assurances clause is part of the standard 'boilerplate' in most sophisticated commercial agreements. It provides that a party shall provide cooperation and assistance to the other party in executing duties under the contract.

Covenant Against Encumbrances- the promise that the property is free of any liens or encumbrances. Covenant of Quiet Enjoyment- the promise that the buyer will be able to possess the property without third-party claims to the title.

The covenant against encumbrances guarantees that the deed contains no undisclosed encumbrances. The three future covenants embodied within a general warranty deed are the covenants of quiet enjoyment, warranty and further assurances. Future covenants run with the land and can be enforced by remote grantees.

The consideration clause spells out exactly how much premium payments are and when they are due. The legal consideration for a life policy consists of the application and payment of the initial premium.

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King Washington Further Assurances

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