The Collin Texas Release of Call on Production is an important legal document used in the state of Texas, specifically in Collin County, to release a call on production in relation to oil and gas leases. This document is often used to terminate or cancel prior contractual obligations and allow for the free production of minerals. The Release of Call on Production is executed by the party who initially held a call on production, typically an oil and gas company or individual. By signing this document, the party acknowledges that they have received the full payment or consideration as agreed upon in the original agreement. It signifies their release and relinquishment of any claim or right to share in the production revenue generated from the leased property. Keywords: Collin Texas, Release of Call on Production, legal document, Collin County, oil and gas leases, terminate, cancel, contractual obligations, production of minerals, execute, oil and gas company, individual, payment, consideration, agreement, revenue, leased property. Types of Collin Texas Release of Call on Production: 1. Partial Release of Call on Production: This type of release is used when a party wants to release only a portion of the call on production, while still maintaining some claim on the remaining revenue from the leased property. 2. Full Release of Call on Production: This type of release completely terminates the call on production and releases all claims to any future revenue from the leased property. It signifies the finalization of all obligations and allows for unrestricted production and revenue distribution.
Collin Texas Release of Call on Production
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