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Started By
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re: Mineral Rights vs. Royaly Interest Question
Posted on 3/27/15 at 8:28 am to Clyde Tipton
Posted on 3/27/15 at 8:28 am to Clyde Tipton
What state?
I don't think it's 4-0 anymore. Without seeing the specific language, I'm going with person B also.
I don't think it's 4-0 anymore. Without seeing the specific language, I'm going with person B also.
2
Posted on 3/27/15 at 8:44 am to TSLG
quote:
What state? I don't think it's 4-0 anymore. Without seeing the specific language, I'm going with person B also.
It is definitely B. The argument that an instrument that specifically includes minerals and is silent on royalty somehow constitutes a reservation of royalty rights is completely absurd. B needs to get a lawyer right now.
It's like selling a lot with a house and a pool then saying the new owner can't swim there because the deed didn't specifically include the pool water.
Posted on 3/27/15 at 8:46 am to TSLG
If Person A's attorney practices mineral rights law in Louisiana they probably should think about quitting. Also, person B (assuming LA) is due the royalty payments back to the time of sale and can claim said payments for a period of up to three years.
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