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In this video, Dave from titlesearch.com discusses pooling agreements related to mineral and oil and gas rights. A pooling agreement involves multiple properties sharing the benefits of oil or gas extraction when a single well accesses a pool of resources beneath various land parcels. Even if individual properties are selling their mineral rights separately, royalties are allocated based on the estimated oil under each property, regardless of whether a well is directly located on a particular property. This arrangement ensures that owners receive royalty payments related to the oil extracted from wells that may be located miles away but draw from resources that underlie their land.

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What is the purpose of a voting agreement?

A voting agreement is a contract in which shareholders agree to vote a certain way on specific issues without giving up their shares or voting rights. Voting trusts are formed for many reasons, including preventing hostile takeovers, retaining majority control, and resolving conflicts of interest.

What are the requirements of a valid voting trust agreement?

A voting trust agreement must be in writing and docHubd, and shall specify the terms and conditions thereof. A certified copy of such agreement shall be filed with the corporation and with the Securities and Exchange Commission; otherwise, said agreement is ineffective and unenforceable.

What is the definition of pooling arrangement?

pooling arrangement means an arrangement whereby several insurance or reinsurance undertakings agree to share identified insurance risks in defined proportions. The parties insured by the pooling arrangement are not members to the pooling arrangement.

What is a vote pooling agreement?

A pooling agreement is a contract among shareholders that. their shares will be voted as a unit.1 Pooling agreements should. not be confused with voting trusts. In a pooling agreement, each. party retains legal and beneficial ownership of his or her shares.

What is shareholders agreement as per Companies Act 2013?

A Shareholders Agreement (SHA) is contractual arrangement inter-se the shareholders of a company and has gained huge popularity in a way that these agreements are specifically drafted to provide specific rights, impose definite restrictions over and above those provided by the Companies Act, 2013 (2013 Act).

Are voting agreements enforceable?

Voting Agreements If the agreement is validly executed, any party to the agreement can sue for specific performance of the agreement if another party refuses to abide by the agreement.

What is a pooling agreement?

A pooling agreement is a type of contract in which shareholders of a corporation create a voting trust by pooling their voting rights and transferring them to a trustee. This is also called a voting agreement or shareholder-control agreement since it is used to control the affairs of the corporation.

What is a non cross conveyed pooling agreement?

Clearly all the magic words in a non-cross conveyed pooling agreement state that the parties do not cross convey. The agreement typically will terminate after all wells in the pooled zone have been abandoned and thereafter the lands will revert to the parties as to their pre-pooled working interests.

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