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Simple English definitions for legal terms

lesser-interest clause

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A quick definition of lesser-interest clause:

A lesser-interest clause is a provision in an oil-and-gas lease that allows the person leasing the land to reduce their payments if the landowner does not own 100% of the mineral interest. This means that if the landowner only owns a portion of the minerals, the lease payments will be reduced proportionately. It is also known as a proportionate-reduction clause.

A more thorough explanation:

A lesser-interest clause is a provision in an oil-and-gas lease that allows the lessee to reduce payments proportionately if the lessor turns out to own less than 100% of the mineral interest. This clause is also known as a proportionate-reduction clause.

Suppose a landowner leases their land to an oil company for drilling purposes. The lease agreement includes a lesser-interest clause that states if the landowner only owns 75% of the mineral rights, the oil company will only pay 75% of the agreed-upon amount. This clause protects the oil company from overpaying for a lease and ensures that the landowner is only compensated for the percentage of mineral rights they actually own.

Another example could be a situation where a landowner has already leased a portion of their mineral rights to another company. In this case, the lesser-interest clause would allow the new lessee to pay a reduced amount based on the percentage of mineral rights that are still available for lease.

Overall, the lesser-interest clause is a way to ensure fair compensation for both the landowner and the lessee in an oil-and-gas lease agreement.

lesser-evils defense | lesser offense

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18:27
who cares about that shite skool.
i see its still a sore topic for some
u will find ur school and b so hsppy there
18:28
do not gaslight moi
i woulld never bun
shaquilleoatmeal
18:29
@babycat: how can i miss you if you're always running on my mind
18:37
can we start calling fordham fordhammy?
18:40
maybe fordy
18:40
ham sandwich
18:42
someone on reddit said theyre holding space for an acceptance :sob: im crying
JumpySubsequentDolphin
18:42
@shaquilleoatmeal: hi
18:42
wait. queen dont cry
Dkk
18:44
Day is almost over. Almost time to get the real conversations started.
babycat
18:45
Hi Dk let's have a real conversation
18:45
when the sun goes away, LSD comes out to shitpost
shaquilleoatmeal
18:45
@JumpySubsequentDolphin: so, whats the beautiful wedding song translate too? I listened a little more this afternoon on lunch break, it gives old school traditional vibes
Dkk
18:45
@babycat: what does it mean to be real to you?
Dkk
18:46
@llama: indeed!
babycat
18:46
Oh I don't know I was just curious what it entailed
babycat
18:46
I don't know that I've ever had a real conversation on here. Not exactly a format that is conducive to it
Dkk
18:47
You ever mix sprite and lemonade. That is what it means to be real.
shaquilleoatmeal
18:47
sure it is, up to the people involved in the convo to keep it real
18:48
pseud (noun) |Plural: pseuds| A pretentious person that pretends to know a lot about the Arts when infact knows very little or nothing.
Dkk
18:48
Woaaaaahhh
JumpySubsequentDolphin
18:50
@shaquilleoatmeal: OH my fave song. it’s about a girl and she’s comparing her features to random things. the song is called “and her eyes” and she starts off by comparing her eyes to a cup of coffee and then she compares her teeth/smile to coral and the chorus is about how beautiful dark eyes are it’s SOOOO CUTE
JumpySubsequentDolphin
18:50
it was literally made for my wedding idc
JumpySubsequentDolphin
18:51
it sounds better in Arabic just truss
1a2b3c4d26z
18:51
hi guys
1a2b3c4d26z
18:51
As someone who is out of touch w a lot of media, why is the wicked movie such a meme
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