The Nebraska Subsurface Easement Agreement is a legally binding document that outlines the terms and conditions for the transfer of subsurface rights from one lessee to another in the state of Nebraska. This agreement specifically deals with the rights to extract or explore resources beneath the surface of a property. In Nebraska, there are different types of Subsurface Easement Agreements based on the specific resource being transferred. Some common types include: 1. Oil and Gas Subsurface Easement Agreement: This type of agreement allows for the transfer of rights to extract oil and gas reserves beneath the land. It outlines the terms of access, compensation, and responsibilities of the parties involved. 2. Mineral Subsurface Easement Agreement: This agreement pertains to the transfer of rights to extract various types of minerals such as coal, limestone, sand, or gravel. It addresses the procedures for exploration, mining, and reclamation of the minerals. 3. Geothermal Subsurface Easement Agreement: This specific agreement focuses on granting the lessee the right to explore and develop geothermal resources beneath the surface. It may include provisions for drilling, heat extraction, and maintenance of geothermal infrastructure. 4. Water Subsurface Easement Agreement: This type of agreement is applicable when there is a need to access and utilize underground water resources. It governs the rights and obligations of the lessee in terms of pumping, extraction, and use of water. Regardless of the type, a Nebraska Subsurface Easement Agreement typically contains several key components: a. Parties involved: The agreement identifies the lessor (current lessee) and lessee (new lessee) involved in the transfer of subsurface rights. b. Description of property: The agreement provides a clear description of the property subject to the subsurface easement, including any boundaries or restrictions. c. Rights and obligations: It outlines the specific rights granted to the lessee, such as the right to explore, extract, or utilize the designated subsurface resources. It also specifies the obligations of the lessee, including compliance with applicable laws and regulations. d. Compensation: The agreement addresses the compensation to be provided by the lessee to the lessor for the transfer of subsurface rights. This may include upfront payments, royalties, or other agreed-upon financial arrangements. e. Duration and termination: The agreement specifies the duration of the easement, outlining the start and end dates. It may also include provisions for early termination circumstances and associated penalties. f. Indemnification and liabilities: The agreement outlines the responsibilities of each party regarding any damages, liabilities, or claims arising from the subsurface activities. It may require the lessee to indemnify the lessor against any losses incurred. g. Miscellaneous provisions: The agreement may have additional provisions covering matters such as dispute resolution, governing law, confidentiality, and amendments. In conclusion, a Nebraska Subsurface Easement Agreement is a comprehensive legal document that facilitates the transfer of subsurface rights from one lessee to another. While different types may exist depending on the specific resources involved, they all serve to establish the rights, obligations, and compensation arrangements between parties related to the exploration and extraction of subsurface resources in Nebraska.
Nebraska Subsurface Easement Agreement from one Lessee to Another
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An easement can be acquired by prescription, or adverse possession, such as by the continuous use of a road across another's property, under a claim of right, for a period of more than ten (10) years (under Nebraska law). Such use may ripen into a prescriptive easement that gives the holder continued use of the road.
Contracts & Legal A Request for Equitable Adjustment (REA) is an official request from a contractor to a contracting officer asking for an equitable change to the contract price based on a change to the contract requirements.
Typically, reciprocal easement agreements ("REAs") are used when a property is owned by more than one person or entity, and the persons or entities wish to develop the property as an integrated shopping center.
Retail Perspectives. Typically, reciprocal easement agreements ("REAs") are used when a property is owned by more than one person or entity, and the persons or entities wish to develop the property as an integrated shopping center.
Reciprocal Access means how the resources of all full member libraries of a library system are made available to all library patrons in the system area.
A reciprocal easement arises when adjoining landowners impose corresponding restrictions or rights on each of their properties. An example of a reciprocal easement is a condominium building with a common driveway.