New Mexico Royalty Split Agreement

State:
Multi-State
Control #:
US-1340783BG
Format:
Word; 
Rich Text
Instant download

Description

A Royalty is a legally binding payment made to an individual or company for the ongoing use of their assets, including copyrighted works, franchises, and natural resources.
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FAQ

In New Mexico, mineral rights can be owned by individuals, companies, or governmental entities. Ownership often exists separately from the surface rights, meaning the landowner may not necessarily own the minerals beneath their property. To determine ownership, you may consult property records or engage a legal expert familiar with New Mexico Royalty Split Agreements.

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New Mexico Royalty Split Agreement