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Simple English definitions for legal terms

reasonable-development covenant

Read a random definition: conventional subrogation

A quick definition of reasonable-development covenant:

A reasonable-development covenant is a promise made in an oil-and-gas lease that the lessee will continue to develop the property once production is obtained. This means that they will act like a responsible and careful operator, rather than just holding onto the lease because they already have some production. Essentially, it ensures that the property is being used to its full potential.

A more thorough explanation:

A reasonable-development covenant is a promise made in an oil-and-gas lease that the lessee will continue to develop the property in a reasonable manner once production is obtained. This means that the lessee cannot simply hold onto the lease by the production already obtained, but must continue to explore and develop the property as a reasonably prudent operator would.

For example, if a company leases land for oil and gas exploration and successfully drills a well that produces oil, they are obligated to continue developing the property by drilling additional wells and exploring other areas of the property for potential production. They cannot simply sit on the lease and collect royalties from the existing well.

The reasonable-development covenant is important because it ensures that the property is being developed in a responsible and efficient manner, maximizing the potential for oil and gas production and benefiting both the lessee and the lessor.

reasonable-consumer test | reasonable deviation

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Dkk
12:02
Just part of the culture.
BulbasaurNoLikeCardio
12:04
I wish that wearing a mask when sick stuck around as an okay thing like it is in the rest of the world, not all of us have enough sick days to be ditching work.
Dkk
12:04
Unless its like an N95 i dont think it will really do anything
12:04
there's even a mask ban in some places. altho one of my coworkers wears a mask anyway despite customers being rude to her about it
12:05
good morning
12:05
why does umiami ask "Are you applying, or have you applied, to other law schools? If so, please list them."
BulbasaurNoLikeCardio
12:05
One manager came in sick wearing a mask, got roasted and stopped wearing it that day. The entire office has been cycling sickness for two weeks now. It may not be super effective but it may help in slowing the spread during meetings when we have to be so close
12:05
am i the only one who has never gotten my status checker to work on here?
BulbasaurNoLikeCardio
12:06
@ChowieBean: want to see what schools they share an applicant pool with, think it is all data harvesting stuff no a +/- for the applicant
12:06
ok good cuz idk whether i wanna tell them or not
12:06
thanks bulbasaur
12:08
not to be that guy again but berkeley person/applicant id is back and Shiny New Logo
be that guy
EW THE NEW LOGO IS SO UGLY
WTF
12:09
need to send in my berkeley app rawwwww
BulbasaurNoLikeCardio
12:09
@ChowieBean: should be required to tell them, the schools who asked I only told them the schools in their area not all of them.
BulbasaurNoLikeCardio
12:10
*shouldnt be
12:12
@jackfrost11770: if i get a berk A today and they have that logo im withdrawing (/s /s /s /j /j /j)
babycat
12:12
@ChowieBean: me too lol. you applying to public interest scholars program?
12:14
yes def applying public interest
12:16
i was raised like blocks away from umiami
12:16
idk if i wanna go back to florida tho so im applying there as safety/target 💀
12:25
@ChowieBean: doing the same thing
Does anyone think au gonna get back to us today
My app was complete Oct 11
If yes what time
Dkk
12:29
Sure, yes! 11:22:24 PST
ClassyPleasantHeron
12:30
I wonder if Berk was updating their system so that they could watch more video.
1a2b3c4d26z
12:41
They updated it so they could watch my video one trillion times
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