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Oil and gas rights offshore are owned by either the state or federal government and leased to oil companies for development. The tidelands controversy involve the limits of state ownership. Although oil and gas laws vary by state, the laws regarding ownership prior to, at, and after extraction are nearly universal.
In the law of several US states, a 99-year lease will always be the longest possible contract for realty by statute, but many states have enacted shorter terms and some allow infinite terms. [citation needed] Due to the influence of the ideas of Henry George at the time the Australian Capital Territory (ACT) was established in the early 20th ...
R = The royalty assigned to the mineral rights owner by the oil and gas lease covering the minerals; P = Participation factor assigned to the tracts owned by the mineral owner as described in a unit agreement; Y = Additional ownership factor assigned to the owner's mineral rights by any other arrangement or agreement; D = Deductions
Landlord–tenant law is the field of law that deals with the rights and duties of landlords and tenants. In common law legal systems such as Irish law, landlord–tenant law includes elements of the common law of real property and contract. In modern times, however, it is frequently governed by statute. [1] Generally, leases must include a few ...
Grandfather clause. A grandfather clause, also known as grandfather policy, grandfathering, or being grandfathered in, is a provision in which an old rule continues to apply to some existing situations while a new rule will apply to all future cases. Those exempt from the new rule are said to have grandfather rights or acquired rights, or to ...
The State Fair of Texas is laying down a new rule before millions of visitors flock through the gates for corn dogs, deep-fried delights and a friendly wave from a five-story cowboy named Big Tex ...
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