Usually when a seller reserves mineral rights, they reserve them forever. You might think about negotiating a lower price because you will be getting less than you originally expected, or say no to the reservation of mineral rights, or say yes to only a partial reservation.
Thanks for the question. It's not clear what you mean by "reconstruction in court," but if you are referring to a bankruptcy restructuring, the answer is that companies undergoing bankruptcy may have the right to rescind or reject contracts that were entered into before the...Read more »
Good Afternoon My father has been deceased for almost 34 yrs. While visiting family, my uncle questioned me about receiving my fathers royalties. I informed him I was unaware of what he was talking about. He began informing me that our family purchased a lot of land and we leased part of the land... Read more »
I would suggest you speak with an attorney as soon as possible. Time delays may apply to limit how far back you can go to collect your father's portion of the royalties. In other words, the longer you wait, the less you may be able to receive in past royalties. As far as cost, attorneys can...Read more »
If you have paid your gas and water fees, I don't see that it would be.There would have to be a shut off notice for each, I believe.
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