Prompt Detail:
[Your Name and Address] [City, State ZIP Code] [Date]
CARBON CREDIT DEED
This Carbon Credit Deed ("Deed") is made on [Date] by [Your Name] ("Grantor") in favor of [Recipient's Name] ("Recipient") for the purpose of transferring carbon credits.
RECITALS
A. Grantor has established and maintains a carbon sequestration project located in Texas that is designed to sequester carbon dioxide from the atmosphere.
B. The carbon sequestration project operated by Grantor is registered with the appropriate regulatory agencies, and the carbon credits generated by the project are certified and verified in accordance with relevant standards.
C. Grantor wishes to transfer the carbon credits generated by the carbon sequestration project to Recipient in exchange for valuable consideration.
AGREEMENT
NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the parties agree as follows:
- Grant and Transfer of Carbon Credits
Grantor hereby grants and transfers to Recipient all of the carbon credits generated by the carbon sequestration project located in Texas, including all rights, benefits, and interests in and to such carbon credits.
- Consideration
In consideration of the transfer of carbon credits, Recipient agrees to pay Grantor the sum of [Amount in USD], payable in full upon execution of this Deed.
- Warranties and Representations
Grantor represents and warrants that (a) the carbon sequestration project operated by Grantor is registered with the appropriate regulatory agencies, and (b) the carbon credits generated by the project are certified and verified in accordance with relevant standards.
- Governing Law
This Deed shall be governed by and construed in accordance with the laws of the State of Texas.
- Counterparts and Execution
This Deed may be executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the parties have executed this Carbon Credit Deed as of the date first above written.
[Your Name]
Grantor
[Recipient's Name]
Recipient
Signed and delivered in the presence of:
[Name of Witness]
[Witness Signature]
[Name of Witness]
[Witness Signature]