What is a force majeure clause in a mineral lease

The disclosure statement shall provide the owner with the option to indicate whether the owner has actual knowledge of the specified characteristics or ... Jul 19, 2023 ... Mineral rights give ownership of valuable mineral resources, like metals and fossil fuels. Those who hold mineral rights are granted the ... The answer is that the surface owner should record with the register of deeds a claim to the lapsed mineral rights. (Statutory references in this opinion are to ... The landowner can also sell options on the right to buy mineral rights and profit even if the options are not exercised. If the option buyer exercises the right ... The default is that the rights to minerals – including diamonds (like the 23-carat diamond found in Richmond in 1855!)*– that exist under a piece of ... Jun 14, 2016 ... The Minnesota Legislature addressed these issues through the Severed Minerals Interest Law.vi This law requires the owners of severed mineral ... Dec 13, 2024 ... Mineral rights represent ownership interest in natural resources such as coal, oil, or natural gas, which normally are extracted from the ground. Committee: Forestry and Mineral Rights. THE APPARENT PROBLEM: Under Michigan law, mineral rights are severable from other property rights. They can be sold ... A mining claim is a parcel of land for which the claimant has asserted a right of possession and the right to develop and extract a discovered, valuable, ... 1. Mineral Rights Information 2. Research Land Status for Mining Claims or Collecting Rocks and Minerals