The Franklin Ohio Exhibit Schedule of Oil and Gas Leases Form 3 is a document that outlines the specifics of oil and gas leasing agreements in the Franklin area of Ohio. This form is crucial for recording and managing these leases, providing essential information for both the lessor and lessee. The form includes various fields for capturing critical details about the lease, such as the lease number, the lessor's name and address, and the lessee's name and address. It also covers the legal land description, detailing the specific location where the oil and gas activities will occur. One important aspect of the Franklin Ohio Exhibit Schedule of Oil and Gas Leases Form 3 is the provision for the length and duration of the lease. This information specifies the start and end date of the lease agreement, ensuring that both parties are aware of the timeframe for which the lease is valid. In addition to the primary lease terms, this form also encompasses any amendments or modifications that occur during the lease period. These amendments could include changes in the lease rate, royalties, or any other contractual arrangements between the lessor and lessee. Furthermore, the form allows for the identification of any additional exhibits or attachments that may be necessary to support the lease agreement. These exhibits could include maps, geological data, or any other relevant documentation that aids in clarifying the terms and conditions of the lease. The Franklin Ohio Exhibit Schedule of Oil and Gas Leases Form 3 provides a standardized and structured format for accurately recording and managing oil and gas leases in Franklin, Ohio. Its comprehensive nature ensures that all essential lease details are accounted for, fostering transparency and clarity between lessors and lessees. Different types of Franklin Ohio Exhibit Schedule of Oil and Gas Leases Form 3 may include variations specific to different lease agreements. For instance, there could be separate forms for different types of lease rates, such as fixed-rate leases or royalty-based leases. Additionally, there might be modified versions of the form to accommodate specific local regulations or requirements. Overall, the Franklin Ohio Exhibit Schedule of Oil and Gas Leases Form 3 serves as a vital tool in effectively documenting and administering oil and gas leasing activities in the Franklin area, benefiting all parties involved in these agreements.