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LSDefine

Simple English definitions for legal terms

mineral lease

Read a random definition: pars

A quick definition of mineral lease:

A mineral lease is a contract where someone is allowed to explore and extract minerals, like oil or gas, from a piece of land. The person who owns the land, called the lessor, gives permission to the person who wants to extract the minerals, called the lessee, in exchange for payment. The payment is usually based on the amount or value of the minerals extracted.

A more thorough explanation:

Definition: A mineral lease is a contract that grants the right to explore and extract minerals, such as oil and gas, from a specific piece of land in exchange for rent or royalties. It is a type of lease that allows the lessee to use the land for mineral extraction purposes.

Example: An oil company signs a mineral lease with a landowner to extract oil from their property. The lease agreement specifies the terms and conditions of the lease, including the amount of rent or royalties to be paid, the duration of the lease, and the rights and responsibilities of both parties.

Explanation: The example illustrates how a mineral lease works in practice. The oil company is the lessee, and the landowner is the lessor. The lease grants the oil company the right to explore and extract oil from the land in exchange for rent or royalties. The lease agreement specifies the terms and conditions of the lease, including the duration of the lease, the amount of rent or royalties to be paid, and the rights and responsibilities of both parties.

mineral land | mineral lode

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TGM
18:39
@texaslawhopefully: alas, haven’t even gotten an interview (applied around thanksgiving)
18:39
Yeah I would delay as long as you have plausible deniability
TGM
18:40
I actually do have a transcript issue that registrar needs to resolve, should I say that
TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
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.
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