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Permalink Reply by MLE on November 13, 2010 at 16:59

Yes, it is.

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Permalink Reply by Frank Walker on November 14, 2010 at 11:13

Quit claim deeds generally are a mechanism whereby an individual forswears (or disavows) ownership.

Thus for example:

Suppose you own a property, including the oil and gas rights. I could give you a quitclaim deed for your own property's oil and gas. With that deed in hand, you would have the legal basis to assert that neither I, nor my heirs or assigns, has a legal right to your oil and gas.

But I, in signing the deed, would not be asserting that I, now or prior, owned your rights . . . . only that in future I most certainly do not own your rights.

Hence, a quitclaim deed alone is not a basis for ownership. It is merely your proof that another party does NOT own something. Since that other party often is someone who might (otherwise) be assumed to have an ownership interest, the quitclaim deed can be valuable in the right circumstances and has a role to play legally.

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Permalink Reply by WHuguet on November 15, 2010 at 6:07

Although that really doesn't conform with the nature of a "quit-claim," a title don't mean much, it is what you put in the agreement. If you reserved minerals, and you had something to reserve, then they are reserved.

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