|
|
The Do’s and Don’ts of Brokers’ Leases: What the leases Do & Don’t
- Do give them 100% of your mineral rights
- Do legally bind you to
warranty your
mineral rights
- Do allow them to take their expenses from your
royalties
- Do
contradict themselves in allowing the company rights to surface use
- Don’t protect you
from mortgage company fees and costs
- Don’t define “production” as
producing gas
- Don’t completely address “shut in” terms & conditions
- Don’t require
them to odorize
the gas for safety’s sake
- Don’t discuss development provisions or
aesthetics of the
drilling sites
- Don’t coincide with legal lot size descriptions
- Don’t
limit their truck
traffic & routes from our residential streets.
|
|
|
