This is a paragraph that sets out the Agreement that will be in force should some of the lands covered in the original Agreement no longer be subject to the Agreement, due to the lands being acquired by one or more Parties.
If landowners are feeling confused, it’s best for them to reach out to local authorities or a legal professional for clarification. It’s always smart to get the lay of the land before making any moves!
Typically, those decisions are made when drafting the agreement, often by a group of stakeholders or governing bodies. It’s usually a team effort, like choosing the best players for a sports team!
Having land excluded can provide more freedom for landowners to do what they wish with their property without being tied to the operating agreement's restrictions. Think of it as a little extra breathing room!
In some cases, yes! Landowners can negotiate and possibly have their lands included again, but it usually involves some back-and-forth discussions.
Lands were excluded for pre-1989 agreements likely because the agreements were made before certain regulations or guidelines were established. It's like old family recipes that don’t always fit current cooking styles!
When land is excluded from the operating agreement, it simply means that those specific pieces of property are not covered by the terms and conditions set in that agreement. They might have different rules or arrangements.