PAT

Patents

You must use an appropriate patent reservation exception if the patent contains express mineral reservations, or if the law relating to issuance of the patent provides a statutory reservation.

Requirement

PATR01 STG

Patent required by Company

The Company requires a patent by _______________ to ________________ for its review and recordation. At that time the Company may make additional requirements or exceptions.
Comment: You must use this exception if no patent to the land has been issued (or recorded locally).

See Underwriting Manual

Exception

PATX01 ALTA

Specific Patent Exception

Reservations and exceptions in the patent by ____________ recorded ____________.
Comment: You must use this exception if the patent contains reservations.

See Underwriting Manual

PATX02 ALTA

General Patent Exception

Reservations contained in the patent from the United States of America or the state.
Comment: You must use this exception if the patent does or may contain reservations and if you do not refer to the patent recording information.

See Underwriting Manual

PATX03 ALTA

Mining Claims – Broad Exception

Unpatented mining claims; reservations or exceptions in patents, or any act authorizing the issuance thereof; water rights, claims or title to water.
Comment: This exception, used in some western states, relates to patent reservations, mining claims, and water rights.