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Assignment of overriding royalty interest

Assignment of overriding royalty interest

Difference in investing between Royalty Interest and Working Interest

Wishing to show no preference for the burden or the burdened, the author will also discuss the protection that current laws afford to both the nonoperating interest owner who seeks to ensure the perpetuation of his or her interest and the operating interest owner who seeks to limit the influence that the nonoperating interest owner can exert over operations. Sawyer alleged that the penalty for such malfeasance should be the extension of his override to the new leases taken by Guthrie.

This Assignment and the assignment, transfer and conveyance of the Subject Interest made herein is expressly made subject to the consummation of the transactions contemplated by the Merger Agreement. In our view the implied covenant to market obligates the lessee to incur those post-production costs necessary to place gas in a condition acceptable for market. Although there is some disagreement among the commentators as to the reasons for the evolution of these implied covenants, [] there seems to be a consensus that they arose from the principle of cooperation as defined in contract law, i.

The overriding royalty interests that had actually been assigned to the employees were never an issue since MECO had no legal or equitable claim to them. But if such forfeiture or surrender is obtained by fraud or collusion between the landowner and the lessee for the purpose of avoiding or cutting out the overriding royalty interest holder and the substitution of a new lease directly to the lessee, then a court of equity may grant relief to the overriding royalty holder against such forfeiture or surrender.

Thus, once the creditor files a proof of claim, neither the debtor nor the creditor is entitled to a jury trial. An Assignment of Overriding Royalty Interest is the legal conveyance that conveys an overriding royalty interest. Assignor hereby binds itself, its successors and assigns to warrant and forever defend the title to the Transferred Interests and the Assigned Rights herein granted, conveyed, assigned and transferred unto Assignee, its successors and assigns, against the lawful claims and demands of every person whomsoever claiming or to claim the same or any part thereof, by, through or under Assignor, but not otherwise.

The grantor has granted full operating rights and has retained a nonoperating interest that can only be enjoyed if the operating rights are exercised by the grantee. In the absence of honor, commercially reasonable terms written in clear, concise, and unambiguous language usually can be enforced in a court of law, assuming money is no object. Legally filing these conveyances creates a chain of title that shows the successive ownership of the overriding royalty interest.

Harvey [] concerning the calculation of an overriding royalty interest in a State of Wyoming oil and gas lease within a federal exploratory unit. In the absence of evidence of self-dealing or breach of community standards of decency, fairness or reasonableness, the exercise of contractual rights alone will not be considered a breach of the covenant.

This is especially true when, as is often the case, the burdened lease contains a provision that the lessee can surrender or abandon it at any time.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: The owners of nonoperating interests, in their simplest form, have no control over the decisions that dictate whether the lease that is burdened by their interest will be drilled or abandoned.

The assignment did not contain any requirements concerning drilling or development. Each of the oil and gas leases contained a legal description of the same Hughes, [47] which interpreted an assignment of an oil and gas lease from Probst to Hughes that reserved an override and that provided: The Tenth Circuit has ruled that the assignor of a federal oil and gas lease located in New Mexico, who retained an overriding royalty interest in an assignment of that lease, has the right to enforce an implied covenant to protect against drainage against the assignee-lessee.

If they provide that the grantor shall have a named fraction of the oil produced on all of the described land, that is one thing; if they provide that he shall have a fraction of what is produced from the interest conveyed by the particular lease, it is another thing. Reservations, if made, may be worded as the parties please. The sold production is tied to a lease which is why the Assignment should contain lease references that list exactly what lease from which the owner is receiving their interest.

Neither this Assignment nor any of the rights hereunder shall be assigned by any of the parties hereto without the prior written consent of the other parties.

See also Standard Oil Co. In reality, courts will usually characterize an override as an interest in real property for purposes that affect the land involved, and as a personal property interest for purposes of payments that arise from the interest.

The courts have never hesitated to enforce written provisions in grants and assignments of nonoperating interests which give the owners a say in the operation of a lease.

It is acquired only by contract, and is payable in the amount and to the person designated by the contract. Coats [] the court held that: The court found no evidence that either party occupied a position of confidence or trust in relation to the other.

This Assignment may be executed in any number of counterparts, all of which are identical except that to facilitate filing and recording, counterparts to be filed and recorded in the appropriate records of each county may have included in Exhibit A only those portions of Exhibit A that contain descriptions of the lands and leases located in said county.

Tufts gordon institute business plan

Tufts gordon institute business plan

DORM TOUR 2015

A growing number of innovative teaching and research initiatives span all Tufts campuses, and collaboration among the faculty and students in the undergraduate, graduate and professional programs across the university’s eight schools is widely encouraged. Michael Granoff, A91 Posted by Georgy Cohen in General on February 10, On Feb. Powered by a leadership focused curriculum, exceptional faculty and an emphasis on real-world projects, our students develop the blend of business knowledge and technical skills they need to advance their careers, inspire teams, and bring innovative products to market.

Graduate degree programs focus on business strategy, marketing, leadership, and quantitative knowledge. SympSolutions, presented by Tufts alumnus Nathalie McClure along with Michael Batista, Stephen Dria, Hiren Mistry, and Hina, Shah, and James Su—SympSolutions proposes to provide non-invasive therapy for patients suffering from hypertension.

This article originally incorrectly stated that Jeffrey Miller and Bernard Tan are junior undergraduate students, as opposed to engineering management students at The Gordon Institute. Eight companies sponsored the competition, including Vertrue, Sherbrooke Capital, Lowenstein Sandler, Cummings Properties, the National Collegiate Inventors and Innovators Alliance NCIIA , Skadden, Deloitte and The Capitol Network.

Strategically designed for ambitious pragmatists in science, technology, and engineering, the MSEM teaches key management strategies and skills to engineering professionals. Featured Video Featured Blog Post The Internship You know The Internship? The panel of eight judges was drawn from these sponsoring companies.

Fibrofilms Biotechnology, presented by Tufts Professor of Biomedical Engineering David Kaplan and Ph. ALLSilk, presented by Tufts graduate students Amanda Baryshyan and Lindsay Wray and alumnus Evangelia Bellas—AllSilk proposes to develop all-natural personal care products for skin and hair using silk.

Barlow, who took the helm of the Entrepreneurial Leadership Program this past fall, said, “The unprecedented number of entries reflects the growing entrepreneurial interests of the entire Tufts community and the competition feeds into the university’s innovation ecosystem. The Year Israel Begins to Lead the World in an Oil-Free Future. Pre-Matriculation Credits Engineering Management and Entrepreneurship at the Gordon Institute The Tufts Gordon Institute is a center for programs focusing on engineering management and, more broadly, entrepreneurship.

Lyon and Bendheim Alumni Lecture: This mistake was corrected on April 19, EDx, presented by Tufts alumnus Eileen Guo—EDx proposes a new diagnostic tool more multi-drug resistant tuberculosis which would provide results faster.

Finalists in the Social Entrepreneurship Competition are: In the first category, Proximity Health Solutions, comprised of senior Michael Brown and TGI engineering management students Jeffrey Miller and Bernard Tan, emerged victorious. MyPsych, presented by Tufts School of Arts and Sciences senior Brandon Cohn along with David Conway—The MyPsych computer application and website proposes to streamline communication between therapists and their patients.

The company currently operates in Israel, Denmark, Australia and China. The 13 finalists were chosen from a record field of more than proposals, all of which reflect a range of academic disciplines at Tufts, including medicine, veterinary science, biomedical engineering, technology and bioengineering, said James Barlow, director of the Entrepreneurial Leadership Program at Tufts Gordon Institute TGI.

The procedure would be conducted within a doctor’s office. That movie where two ex-salesmen get internships at Google? Uji, presented by Tufts seniors Brett Andler, Joo Kang, Tyler Wilson, and Sam Woolf—Uji is a showerhead that helps users save water by changing from green to red as users take longer showers.

Finalists in the Classic Venture Competition are: Dexterity Global, presented by Tufts freshman Sharad Sugar—Dexterity Global proposes to develop online and offline platforms to students in an effort to support and next generation of innovators and entrepreneurs. Teemplay, presented by Tufts University senior J Becket Linn—Teemplay proposes a videogame platform that will use crowdsourcing as a way to create new games.

There were fabulous ideas, and the quality of the presentations really exceeded expectations. Seven teams are competing in the Classic Venture Business Plan Competition and six are competing in Social Entrepreneurship. Goldberg said the standard of the competition rises every year.

Term paper on management planning

Term paper on management planning

MANTRA – Richard Rodger – Advising PhD students on data management planning

The Boeing Corporation operates and Space Shuttle and International Space Station. Planning provides direction and purpose. With the appropriate goals set Wal-Mart is going to make it a long way in this economy. Boeing is still successfully efficient because they set goals in each major departments such as: One has to consider four fundamental issues that are addressed with SWOT analysis. Ethic, Legal and Social Responsibility The ethical responsibility at Exxon Mobil is to comply with all governmental laws, rules and regulations.

By implementing Project Impact Wal-Mart is renovating its stores in the US by widening the aisles, lowering fixtures, improving signage, and adding natural light to give consumers a store that feels friendlier Wal-Mart strategic initiatives. When it comes to planning there needs to be a directed approach that gives a set of goals that can be accomplished at each level.

They come up with these contingency plans in case an original plan does not work out like they anticipated. The Boeing Corporation is an aerospace company that produces satellites, commercial and military aircrafts, weapons, launch systems, weapons, advanced information and communication systems and also performance-based logistics and training.

Management Planning Paper Eugene R. Modern management has been seen to have derived its origin from the 16th century inquiry into low-efficiency and collapsing of the already set-up enterprises. They have offices in all 50 states that provide service and support for their customers Boeing, Market growth and cash input High STAR?

Tyco has been around for many years and has many companies vested in them. The most logical and relevant divisions for strategic planning purposes are called ‘strategic planning units’ – Sub’s.

The Boeing Corporation is an aerospace company that produces satellites, commercial and military aircrafts, weapons, launch systems, weapons, advanced information and communication systems and also performance-based logistics and training.

Issues regarding legality, ethics, and responsibility that follow being a major corporation are just a few.

Argumentative essay on legalizing drugs

Argumentative essay on legalizing drugs

Legalize All Drugs

Possession of small quantities of marijuana is not punished the same way as possession of large quantities. Among them, at least cities and their illegal drug markets are in direct control of Mexican drug cartels Law Enforcement Against Prohibition. Every other TV spot is a public service announcement warning us against the dangers of drugs and every night on the news innumerable murders, muggings and burglaries are paraded in front of us, all attributed to – you guessed it – drugs.

Thus, it provides evidence that if the drug remains illegal, it could be an There is no factual evidence that proves that marijuana is addictive but simply used as pleasure.

No one is telling you to use marijuana as well, but the choice should be free for anyone to choose. ABC News Network, 14 Nov. American citizens are putting their hard-earned tax money into this war every time they get a paycheck. Harmless people are being put in jail for doing drugs every day, some longer than people who have actually harmed others.

The billions of dollars we spend every year keeping drugs out of the country could be redirected into programs for the homeless, the preservation of the environment, better public education, drug prevention, and AIDS research. Another belief that pro marijuana legalization protestors have is the thoughts of economic relief.

Our government has spent and will continue to spend billions of our precious tax dollars every year on the war against drugs. You take away the federal law that states marijuana is illegal and you have less crime.

The United Sates department of health and human studies conducted a study that found that in the country, Alternatively, all drugs could be legalized to stop the drug war within the United States.

The time has come to legalize drugs. The push for marijuana use is simply a chain of dominos about to be hit.

For example, according to Parry it becomes hard for any drug user who uses cannabis to make an informed decision to quit this behavior since the use of cannabis affects the logical thinking of its users. It has been proven, and is blatantly clear that people are doing drugs whether they are legal or not. It’s about time we as Americans faced reality.

Think about what I said above. Trebach, So, in the light of this argument people have the right to decide that whether they should make a use of Marijuana or not. The first and the foremost reason to make use of Marijuana legal is that no good reason exist that can provide support for not making use of the drug legal.

This may seem like a very extremist point of view, and many of you will have a knee-jerk reaction against it, but hear me out. With how many people admit to using drugs at least once, it is impossible to have every single person quit using drugs.

Other countries like Canada have already allowed medical marijuana use. One of the biggest reasons people are against legalizing and regulating all drugs is because they are dangerous. However, this should not be regarded as a compromise. Narcotics sold over-the-counter would be taxed, contributing millions of dollars to our sagging economy. The critics of illegalization of cannabis use such research findings to claim that cannabis is already being widely used in United States and other parts of the world and it does not cause more deaths while compared to other drugs.

Academic writing ielts task 2 samples

Academic writing ielts task 2 samples

IELTS Academic writing task 2-IELTS Writing Task 2 essay samples band over 7

This way you can easily see and understand the kind of areas of knowledge you will need to know about in order to help you do well in the test. Some of the IELTS writing questions could of course be in more than one topic area. You may also have to discuss various aspects of a problem and then outline your ideas for solving it. Why do we need music? Environment Developed countries have created many environmental problems in the World, particularly in their contribution to global warming.

View a model answer for this question Culture Government investment in the arts, such as music and theatre, is a waste of money. Note that the Academic Writing test is different to the General Training Writing test. Some people think they should be knocked down and replaced by news ones. You need to write at least words and justify your opinion with arguments, discussion, examples, problem outlining, proposing possible solutions and supporting your position.

Health Currently there is a trend towards the use of alternative forms of medicine. IELTS Academic Task 2 You will be presented with a point of view, argument or problem. The assessment of Task 2 carries more weight in marking than Task 1. What can be done to reduce the dangers of global warming? Should history stand in the way of progress? Old-fashioned values, such as honour, kindness and trust, no longer seem important. To what extent do you agree or disagree?

To what extent do you agree or disagree with this statement? You will have approximately 40 minutes to finish your Essay Writing. Is the traditional music of a country more important and should it be preserved or is international music that is heard everywhere nowadays more useful to a society?

Discuss the main arguments for this statement and give your own opinion. Sample Task 2 IELTS Writing Questions On this page you will find examples of IELTS writing questions given in the IELTS exam for Task 2. This task tests your ability to select and report the main features, to describe and compare data, identify significance and trends in factual information, or describe a process.

IELTS Writing Task 1 – Academic IELTS Sample Charts IELTS Writing Task 1 The Writing Task 1 of the IELTS Academic test requires you to write a summary of at least words in response to a particular graph bar, line or pie graph , table, chart, or process how something works, how something is done.

Do you agree or disagree? For example, you may have to consider an opinion or weigh the pros and cons of an argument before presenting your own view on the matter. How important is it to maintain old buildings? ACADEMIC WRITING TASK 2 In Academic Task 2 of the Writing module, you are given brief details of an opinion, an argument or a problem, and have to produce an extended piece of discursive writing in response.

Write about the following topic:

Starting a winery business plan

Starting a winery business plan

Starting a wine business: Items to prep

For instance, if you decide to start the business from the scratch you will have to be extremely patient and be ready to spend huge money. Avoid skimping on those things that are necessities. The wine institute which represents about wineries in California states that total wine sales in the United States both from foreign and domestic avenues was around million gallons some years ago which recorded a retail value of 19 billion dollars.

In , a major landmark was achieved when the United States of America for the first time became the largest wine consumer by volume with an annual consumption of Other factors you will also need to consider is the cost involved in setting up the business as this could be substantial, licensing requirements and marketing and distribution plans.

This is why people who go into the business are generally seen as doing it not for their own gain or benefit but as a future investment they can leave behind for their children and grandchildren. Take a winemaking course at Harrisburg Area Community College HACC online. The industry is fast growing as despite the huge capital outlay needed to start the business a lot of people are still coming in leading to it being a vibrant industry. We know that our customers are the reason why we are in business which is why we will go the extra mile to get them satisfied when they purchase any of our wine brands.

Dream Jobs in America’s Hottest Industry by Liz Thatch and Brian D’Emilio. Gump, and Fred S. Although their focus is assisting pre-existing wineries with marketing and state legislation, they can lead you on the right track.

However, it contains a lot of good information on starting a winery laboratory for production purposes. Okay, so we have considered all the requirements for starting a winery business.

Book Resources Additionally, there are several resources available that you should consider reading and understanding prior to building, operating, and opening a winery. Please consider taking subscriptions to digital or hard copy editions of these publications: Department of Agricultural Statistics Service NASS , , or complete this form so you can “make sure your acreage counts” by participating in upcoming producer surveys.

Contact a wine consultant to review your facility before committing to construction. We ensured that our facility is easy to locate and we have mapped out plans to develop a wide distribution network for wholesalers all around the United States of America and Canada. We are aware that there are several standard wineries scattered all around the United States and Canada whose products can be found in every nooks and crannies of The United States and Canada, which is why we spent time and resources to conduct our feasibility studies and market survey so as to enable us locate the business in an area that will support the growth of the business and also for us to be able offer much more than our competitors will be offering.

There are several factors to consider like where to buy the land, cost of the land, planting of the grapes harvesting of the grapes, bottling the product, marketing and lots more making it a daunting and challenging task.

For more information, visit the link above and check out the Enology Program’s tech sheet. Techniques and Concepts by Patrick Iland, Nick Bruer, Andrew Ewart, Andrew Markides, and John Sitters. There are nearly 1, acres of grapes growing in Maryland, from the mountains of Garrett and Allegany through the sandy shores of the Eastern Shore and Southern Maryland.

Dharmadhikari and Karl L. All these factors and components are essential as they go a long way in making the business a thriving and successful venture. Most wineries outgrow their storage space within 1 year of opening.

Consider this during the developmental stage of designing your facility. We are in the winery business to make profits and also to give our customers value for their money. A Sample Micro Winery Business Plan Template Business Overview As stated earlier, the winery business is an exciting one and can be a rewarding experience if properly done and well planned.

Although this is focused towards other food products, there are some good tips and pointers throughout these pages. After growing the grapes you can sell or export them to wineries who are involved in producing the wine. It can take up to four years before you produce grapes that are commercially viable and the process of making the wine can take a further two years which means whatever you budget for the business should be for a long term basis and you should be in it for the long haul.

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