Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

executive right

Read a random definition: feigned

A quick definition of executive right:

Executive Right: The executive right is a special permission given to someone to lease a specific piece of land or mineral rights. This right is exclusive, meaning that only the person with the executive right can lease the land or mineral rights. It is a part of the mineral interest and is important in the oil and gas industry.

A more thorough explanation:

EXECUTIVE RIGHT

The executive right is the exclusive right to lease specific land or mineral rights. It is one of the aspects of the mineral interest.

For example, if a person owns a piece of land that has oil and gas reserves, they have the executive right to lease the land to an oil and gas company for exploration and production. This means that they have the power to negotiate the terms of the lease and receive the royalties from the production of oil and gas on their land.

Another example is if a person owns a mineral interest in a property, but they have sold the executive right to a third party. In this case, the third party has the exclusive right to lease the mineral rights and receive the royalties from the production of oil and gas on the property.

The executive right is an important aspect of mineral ownership because it gives the owner the power to control the leasing and production of oil and gas on their property. This means that they can negotiate favorable terms with oil and gas companies and receive a share of the profits from the production of oil and gas. The examples illustrate how the executive right works in practice and how it can be sold or retained by the owner of the mineral interest.

executive pardon | executive secretary

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
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
matt gaetz ethics report released
paid for sex with a junior in high school
guarantee people still defend him
BulbasaurNoLikeCardio
9:51
I only read headlines and skimmed a random article of it since I am the only one at work this week. Seems like he is Republican Hunter Biden but not at the paying rent with poop paintings stage
ImpartialLion
9:55
Sent in my transcript at 6 am today and it’s processing. Think it will be processed before lsac closes tmrw?
BulbasaurNoLikeCardio
9:58
I would say it is a toss up, for how much LSAC charges us for everything they are extremely efficient in processing and sending stuff out BUT with a 30% uptake in applicants and the holidays it may be significantly slower unless it is ran through and processed by a computer program. Even if it takes them longer to process it, not like there is anyone at a school to request and review it after LSAC does their thing
Do we know if any of the t14 open at all this week
just called Fordham. they said there will be decisions going out today
so congratulations on pre xmas waves
BulbasaurNoLikeCardio
10:27
Hope schools are chill and just send As leaving the Rs for next month lol
soap
10:49
Fingers crossed for good luck today
BulbasaurNoLikeCardio
10:56
@soap: really hoping to get that UTK call today
11:08
what if instead of a room of one’s own virgina Woolf wrote a cubicle of one’s own
UGA ED deferrals are coming out rn
LSD+ is ad-free, with DMs, discounts, case briefs & more.