Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

mineral lease

Read a random definition: servient estate

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

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
babycat
18:40
@jackfrost11770: you sound like tony soprano? I need you
18:42
thank you windy... also wtf is fds
18:43
oh female dating strategy reddit lmao terrible. i imaging it festering with femcels
my first language isn't english but i am from here but sometimes ppl tell me i also have a russian accent which is so funny lol
all of my accents are just mob/mafia core
JumpySubsequentDolphin
18:44
i want a man w a transatlantic accent how do i make that work
Dkk
18:45
@jackfrost11770: same about that Russian accent thing.
windyMagician
18:45
when he says "i'm a new yorker" in the accent...
DK ARE YOU RUSSIAN
babycat
18:45
[deleted by babycat]
when is that
Dkk
18:48
@jackfrost11770: nah estonian finnish
ahhh dope do u speak the language(s)
Dkk
18:49
Nah lol, so many vowels. It is like learning hawaiian.
wait so ppl tell you that you have the accent but you don't speak the language? that's so funny
2big2fail
18:52
Pepp when
i didn't learn english until i was like 11, personally i don't think i have the accent cause i've been here my whole life but sometimes ppl tell me i do which is 😭 idk why
18:53
dk have you ever seen a game of pesapallo
Dkk
18:53
Yeah it is weird @jackfrost. I think it comes from my mother cus she has a slight accent. She never spoke the language either though.
Dkk
18:54
@info-man: nah what is that
Dkk
18:54
Oh Finnish Baseball, nah not at all. I have only seen their pole vaulting and big swing thing.
oh yeah maybe that makes sense
guys i ate my cheese and sausage with green onions and im still hungry
talk me down from ordering takeout
sushi looking real good rn
Dkk
18:57
Go out and eat bar snacks and talk to someone. You are already almost 1/6th of the way done with your law school experience! @knowledgeable
Dkk
18:57
Nah just kidding. About 1/9th given summer shit.
2big2fail
18:58
Pemperdine
2big2fail
18:58
Peggerdine
Dkk
18:59
Penerdine
LSD+ is ad-free, with DMs, discounts, case briefs & more.