Harris Texas Assignment of Oil and Gas Lease (All Assignor's Undivided Interest in Nonproducing Lease - Short Form)

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• County: Harris
• Control #: US-OG-937
• Format: Word; Rich Text

Description

This form is an assignment of oil and gas lease with all assignor's undivided interest in nonproducing lease. The Harris Texas Assignment of Oil and Gas Lease (All Assignor's Undivided Interest in Nonproducing Lease — Short Form) is a legal document that allows the transfer of rights and interests in a non-producing oil and gas lease located in Harris County, Texas. This assignment is commonly used when an individual or entity wishes to assign their undivided interest in a lease to another party. The primary purpose of this assignment is to facilitate the transfer of ownership, rights, and responsibilities related to the non-producing lease. This document ensures the smooth transition of lease ownership by outlining the details of the transfer and establishing the assignee as the new owner of the assignor's undivided interest. The Harris Texas Assignment of Oil and Gas Lease (All Assignor's Undivided Interest in Nonproducing Lease — Short Form) typically includes the following essential components: 1. Assignor Information: This section provides the full name, address, and contact details of the assignor, who is the current owner of the undivided interest in the non-producing lease. 2. Assignee Information: Similarly, the assignee's details, including their name, address, and contact information, are recorded in this section. The assignee is the individual or entity who will assume ownership of the assignor's interest. 3. Lease Information: The assignment document includes comprehensive lease details, such as the lease number, description of the leased property, its location within Harris County, and any specific legal descriptions or identifying information relevant to the lease agreement. 4. Assignment Terms: This part of the document outlines the terms and conditions of the assignment, including the effective date of the transfer, the percentage or portion of the assignor's undivided interest being transferred, and any monetary considerations involved. 5. Warranties and Representations: The assignor typically provides warranties and representations, ensuring that they have full authority to transfer the undivided interest, that the interest is free from any liens or encumbrances, and that all necessary consent has been obtained. 6. Indemnification: This section outlines the assignor's agreement to indemnify and hold harmless the assignee from any liabilities or claims arising from the assignment or the assignor's previous ownership. It is worth noting that there might be variations of the Harris Texas Assignment of Oil and Gas Lease (All Assignor's Undivided Interest in Nonproducing Lease — Short Form) based on specific requirements or preferences. These variations may include additional provisions or modifications to suit the needs of the involved parties or specific lease agreements.

The Harris Texas Assignment of Oil and Gas Lease (All Assignor's Undivided Interest in Nonproducing Lease — Short Form) is a legal document that allows the transfer of rights and interests in a non-producing oil and gas lease located in Harris County, Texas. This assignment is commonly used when an individual or entity wishes to assign their undivided interest in a lease to another party. The primary purpose of this assignment is to facilitate the transfer of ownership, rights, and responsibilities related to the non-producing lease. This document ensures the smooth transition of lease ownership by outlining the details of the transfer and establishing the assignee as the new owner of the assignor's undivided interest. The Harris Texas Assignment of Oil and Gas Lease (All Assignor's Undivided Interest in Nonproducing Lease — Short Form) typically includes the following essential components: 1. Assignor Information: This section provides the full name, address, and contact details of the assignor, who is the current owner of the undivided interest in the non-producing lease. 2. Assignee Information: Similarly, the assignee's details, including their name, address, and contact information, are recorded in this section. The assignee is the individual or entity who will assume ownership of the assignor's interest. 3. Lease Information: The assignment document includes comprehensive lease details, such as the lease number, description of the leased property, its location within Harris County, and any specific legal descriptions or identifying information relevant to the lease agreement. 4. Assignment Terms: This part of the document outlines the terms and conditions of the assignment, including the effective date of the transfer, the percentage or portion of the assignor's undivided interest being transferred, and any monetary considerations involved. 5. Warranties and Representations: The assignor typically provides warranties and representations, ensuring that they have full authority to transfer the undivided interest, that the interest is free from any liens or encumbrances, and that all necessary consent has been obtained. 6. Indemnification: This section outlines the assignor's agreement to indemnify and hold harmless the assignee from any liabilities or claims arising from the assignment or the assignor's previous ownership. It is worth noting that there might be variations of the Harris Texas Assignment of Oil and Gas Lease (All Assignor's Undivided Interest in Nonproducing Lease — Short Form) based on specific requirements or preferences. These variations may include additional provisions or modifications to suit the needs of the involved parties or specific lease agreements.