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LSDefine

Simple English definitions for legal terms

nonexecutive right

Read a random definition: disseisin

A quick definition of nonexecutive right:

A nonexecutive right in the oil and gas industry is a type of mineral interest that does not give the owner the ability to lease the land. This means that they cannot make decisions about drilling or exploration. Examples of nonexecutive rights include royalty interests and nonexecutive mineral interests.

A more thorough explanation:

A nonexecutive right in the oil and gas industry refers to a mineral interest that does not give the holder the right to lease the property. This means that the holder of a nonexecutive right cannot make decisions about drilling or exploration on the property.

Examples of nonexecutive rights include royalty interests and nonexecutive mineral interests. A royalty interest is a share of the revenue generated from the production of oil or gas on a property. The holder of a royalty interest does not have the right to make decisions about drilling or exploration, but they do receive a portion of the profits. A nonexecutive mineral interest is a share of the mineral rights on a property, but the holder does not have the right to lease the property for drilling or exploration.

These examples illustrate the definition of nonexecutive right because they show that the holder of such a right does not have the power to make decisions about drilling or exploration on the property. Instead, they receive a share of the profits generated from the production of oil or gas on the property.

nonexclusive listing | non fecit vastum contra prohibitionem

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General chat about the legal profession.
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[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
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