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Permalink Reply by 0ym9x5ag7ury2 on November 16, 2012 at 3:08pm

Eric,  I have stopped a few people from selling their mineral rights by explaining the difference between leasing minerals and selling them. I also gave people an idea of how much their land would be worth per acre per month. They got the picture very quickly and passed on selling their minerals. The problem is that people are taking action without consulting a neighbor or lawyer to get a better picture of the mistake they are about to make.

The buyers of mineral rights are using the assumption that there is a fool born every minute and all they have to do is approach the right person and they will sell their minerals. It will happen, since people still don't realize what they are sitting on top of. The rule is don't sign anything without consulting your lawyer.

The pipeline right of ways are another example of people signing and not knowing what they are doing. They will find out soon enough that they have made a very expensive mistake, the first time a 36 inch pipeline crosses their land and the company that bought the right of way for an 8 inch pipe now owns their right of way and the right to collect the money for the 36 inch pipe.

If you sign a document without consulting a lawyer, too bad, you are all adults.    Ron

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