How can I ensure that oil and gas royalties are properly paid?

It is important to ensure that oil and gas royalty payments are properly paid. To do this, there are several steps you should take. First, make sure that you have a valid and legally binding royalty agreement in place with the oil and gas company. This agreement should clearly outline the terms of the royalty payment, including the amount, frequency, and time frame for payment. Additionally, the agreement should include a provision allowing you to audit the oil and gas company’s books to ensure accuracy and prompt payment. Next, keep up to date records of all oil and gas royalty payments. This will help you verify all payment amounts, and also compare them to your royalty agreement to make sure you are receiving the correct payments. Finally, if you believe that you are not receiving the proper royalty payments, consult with a knowledgeable Tennessee oil and gas law attorney. An experienced attorney can review your royalty agreement, and provide you with legal advice and representation if necessary. By taking the steps outlined above, you can ensure that you are receiving the oil and gas royalties that are rightfully yours.

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How can I ensure that oil and gas royalties are properly paid?

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