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hello in this video were going to talk about pooling agreements for mineral and oil and gas rights this is dave at titlesearch.com we also have a specific website for this particular subject called mineral rights calm basically a pulley agreement is when a mineral or oil and gas extraction contract extends over multiple properties for example if theres a pool of oil below a certain area even though each individual property will be selling the mineral rights or the oil right below it there may be only one well or one access to that oil and because of the oil is pulling from all those properties theres a pulling agreement that gives royalties based on what oil is supposedly below each property even though theres not an oil well on your property that pulling agreement may extend royalty payments to other owners because even if the well comes in over here this property thats maybe a mile away they know that the oil is transgressing underneath the other properties through that well it

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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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