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Simple English definitions for legal terms

entirety clause

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A quick definition of entirety clause:

An entirety clause is a part of a mineral lease or deed that says if the property is divided after the lease is given, the royalties must be divided too. This means that if the owner of the property sells a part of it, the person who leased the property will have to pay more royalties. It's like a rule that makes sure everyone gets their fair share.

A more thorough explanation:

An entirety clause is a provision in a mineral lease or deed that states that royalties must be divided if the property is divided after the lease is granted. This means that if the owner of the property decides to sell or lease a portion of the land, the royalties from the oil and gas extracted from that portion will be divided between the original owner and the new owner.

For example, let's say that John owns a piece of land and leases it to an oil company for drilling. The lease agreement includes an entirety clause. A few years later, John decides to sell a portion of the land to his neighbor, Jane. If the oil company continues to extract oil and gas from the entire property, the royalties will be divided between John and Jane. John will receive royalties for the portion of the land he still owns, and Jane will receive royalties for the portion she purchased.

The purpose of an entirety clause is to ensure that all parties involved are aware of their rights and responsibilities if the property is divided. It also helps to prevent disputes between the original owner and any new owners.

entirety | entire use

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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