Are there any legal remedies available if a company fails to pay royalties on time?

Yes, there are legal remedies available if a company fails to pay royalties on time. In South Carolina, the Oil and Gas Law states that a person who is entitled to royalties can file a civil action in court to collect them. If they win the court case, the company must pay the full amount of the owed royalties and any legal fees incurred by the person bringing the lawsuit. Additionally, the court can order that interest be paid on the royalties and may impose a fine if it is deemed appropriate. The court system is not the only avenue to pursue when looking to collect unpaid royalties. A person can also file a complaint with the South Carolina Department of Natural Resources (SCDNR), which has the authority to investigate and process complaints related to oil and gas royalties. The SCDNR may require the company to pay the royalties in full or negotiate a payment plan. They may also revoke the company’s drilling permit or other oil and gas related permits if necessary. Overall, South Carolina has strict rules and regulations in place to ensure that individuals who are owed oil and gas royalties receive payment in a timely manner. If a company fails to pay, there are multiple legal remedies available to ensure that individuals can get the money they are owed.

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Are there any legal remedies available if a company fails to pay royalties on time?

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