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You will always have your copy of the lease. It is highly, highly unlikely that they would attempt to cheat you and try covering their tracks by falsifying a legal document. Any comparison of the two documents in court would turn up discrepancies and you'd have them right where it hurts. The landman brought you your new copy of the addenda and you approved it verbally. So, you remove all the superseded pages from your copy and replace with the new ones.
I was always taught that when signing any multi-page contract, that both parties initial each page at the bottom margin. Sometimes there are even little spaces for that. That maintains the indication that that is the page that you've seen and approved. Then if any page is revised, you would initial the new page and discard the old page. Same thing when making pen and ink changes to an existing page - both parties initial and date the change. Thus, if a page or a change is missing your initials, it's an indication that you did not approve of it.
But bottom line, you have your copy and you are going to monitor how they do their work and whether they are paying you correctly, and you will be able to correct any problems.
"Look, you actually have given them a 90 day "option" to lease your rights based upon the final document that the landman received from you.. You have made an offer to Shell based upon that document. That is why only you signed it."
But is ISN'T based on the document I signed. They changed it AFTER I signed to make it more beneficial to them. I seem to be the only one who thinks there's anything wrong with that.
Lynn, first off congrats on signing the lease. You could have rejected the addendum and just asked them to accept the seismic permit as your written acceptance to surface activity. However, it appears that the only change to your addendum is allowing Shell to do seismic anything else would require your written consent.
Definately keep a copy of everything for future reference. I do not believe your addendum will ever be recorded in the courthouse because Shell only records a memoradum of lease which is part of the paperwork you signed. Basically it states that you signed a lease for your land and the length of the primary term.
I believe that the addendums should also be notarized but at the end of the lease itself there should be wording making the addendum or "attachment" part of the lease.
I guess if you have lease remorse you could see if there is opt out for the lessee in your lease. Leases I have seen in the past have a 3 day opt out time in which you could contact the lessor and opt out of the lease. I doubt they still allow that though. I only ever saw that once in an old Fortuna lease. I very much doubt that you opened any flood gates by signing this change though. Cheers!!!
Brian; I am in the process of rejecting the new addendum. It isn't what I signed.
I don't see how it's 'lease remorse'. I was perfectly happy with the lease I signed. If you agree to buy a house for $50,000 and the seller adds another 0 to the amount in the agreement AFTER you sign it, would you have 'buyer's remorse' if you made a fuss about it?
Josie,
It's naive to say that because the company is Shell, the Lessor will not be "cheated". I don't believe it's the corporate culture, but any organization of that size has "bad apples". Plus, in this instance, it's a third party who may be the culprit. The landman may have made the change on his own or on the instruction of his employer ... not at Shell's request.
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