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LSDefine

Simple English definitions for legal terms

entirety clause

Read a random definition: charitable remainder trust

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
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
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