compensatory royalty definition
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- The kicker is that the lessee or landman usually findsout. about this obligation to pay by way of a nice letter from the lessor. (or usually a middleman broker) which notes the offset well and. request back payment of about two years of compensatory royalty. payments. This is where the fireworksusually start.
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- Paid over-time increases policing activity,while compensatory time repre-sents less policing because it mustbe repaid by taking time and a halffrom other activities. Implications: Federal money in-vested in overtime by State and lo-cal law enforcement agencies doesnot supplant local spending on po-lice overtime. Overtime should beviewed, within limits, as an un-avoidable cost of policing.
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compensating balances definition compensating balances definition A bank account balance that a corporation agrees to maintain with a current or potential lender. For example, a corporation may agree to keep $1 million in its checking account at a bank in exchange for the bank agreeing to lend up to $10 million to the corporation at 1% below the prime lending rate.
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Definitions &Translations Eric Milito: A duplicative layer of new federal regulation is unnecessary, and we urge the BLM to work carefully with the states to minimize costs and delays created by the new rules to ensure that public lands can still be a source of job creation and economic growth.
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"The difference between ""copyright free"" and ""royalty free""" Royalty Free refers to a type of contract between a two entities (the licensor and licensee), that is employed when licensing the rights to use content, such as photographs.
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Restitution The law of restitution is the law of gains-based recovery. It is to be contrasted with the law of compensation, which is the law of loss-based recovery. When a court orders restitution it orders the defendant to give up his/her gains to the claimant. When a court orders compensation it orders the defendant to pay the claimant for his or her loss. American Jurisprudence 2d edition notes: The word restitution was used in the earlier common law to denote the return or restoration of a specific th
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Interlocutory Decree Interlocutory Decree. A court judgment that is not final until the judge decides other matters in the case or until enough time has passed to see if the interim decision is working. In the past, interlocutory decrees were most often used in divorces.
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Frequently Asked Questions 1. The term royalties is used interchangeable to mean either oil and gas mineral interests, royalty interests, or overriding royalty interests. These three interests are similar in that they all receive revenue from the production of oil and gas from a well.ineral interests and royalty interests both involve ownership of the minerals under the ground. The main difference between the two is that the owner of a mineral interest has the right to execute leases and collect bonus payments and the owner of royalty interests does not execute leases or collect bonus payments.
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Compensatory Damages in a Personal Injury Claim General Compensatory Damages: Lost Wages or Future Loss of Earnings: If the personal injury resulted in a loss of wages, these can be recovered through compensatory damages. In some cases the victim can also be compensated if the injury causes them to lose the ability to earn wages in the future.
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Interlocutory Decree Interlocutory Decree. A court judgment that is not final until the judge decides other matters in the case or until enough time has passed to see if the interim decision is working.In the past, interlocutory decrees were most often used in divorces.nterlocutory Decree. A court judgment that is not final until the judge decides other matters in the case or until enough time has passed to see if the interim decision is working.
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Conditional fee agreements and damages based agreements Conditional Fee Agreements (CFAs) and Damages Based Agreements (DBAs) offer an alternative way to fund commercial claims and litigation.What is a conditional fee arrangement (CFA)?A CFA is an agreement whereby a solicitor and a client can agree to share the risk of the litigation by coming to a financial arrangement whereby part or sometimes all of the solicitors’ fees will only be payable by the client in the event of success.or CFAs and DBAs entered into after 31 March 2013 no notice is required to be given to an opponent, save for CFAs in respect of insolvency cases, publication and privacy (defamation) cases and mesothelioma cases, where the CFA includes a success fee.
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Royal prerogative Royal prerogative. The royal prerogative is a body of customary authority, privilege, and immunity, recognized in common law and, sometimes, in civil law jurisdictions possessing a monarchy, as belonging to the sovereign alone. It is the means by which some of the executive powers of government, possessed by and vested in a monarch with regard to the process of governance of the state, are carried out. In most Constitutional monarchies, individual prerogatives can be abolished by Parliament, although in the United
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Definitions &Translations royalty(Noun) The payment received by an owner of real property for exploitation of mineral rights on his property. royalty(Noun) payment made to a writer, composer, inventor etc for the sale or use of intellectual property, invention etc.
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Pay & Leave Pay Administration Fact Sheet: Compensatory Time Off. Compensatory time off is. 1  Time off with pay in lieu of overtime pay for irregular or occasional overtime work, or.  When permitted under agency flexible work schedule programs, time off with pay in lieu of overtime pay for regularly scheduled or irregular or occasional overtime work.
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Discuss your case The two types of compensatory damages for pecuniary loss are: 1  Expectation Damages: in a breach of contract case, for instance, damages intended to cover what the injured party expected to receive from the contract. Calculations are usually straightforward as they are based on the contract itself or market values.
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Interlocutory Decree Interlocutory Decree Interlocutory Decree A court judgment that is not final until the judge decides other matters in the case or until enough time has passed to see if the interim decision is working. In the past, interlocutory decrees were most often used in divorces. The terms of the divorce were set out in an interlocutory decree, which would become final only after a waiting period.
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What's the Difference Between Mineral Deeds and Royalty Deeds? Basic Attributes of a Royalty Deed. Also known as non-participating production interests, royalty deeds are far more restrictive than mineral deeds. Their attributes usually include: Full restrictions on holders' rights to exploit and market the minerals contained within the land. No rights of ingress or improvement.
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Franchise royalty definition Franchise royalty is a sum paid to the franchisor. It typically is the percentage of sales (usually the gross) that the franchisees pay to the franchisor company on a regular basis. It pays for the ongoing rights to participate in the franchise and may cover specified advertising and other support activity by the franchisor.
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- Though this difficulty of corrective justice is usually raised in. the tort context, it has wider application. Just as tort law compen-. sates for losses that are unaccompanied by a correlative gain, so. the law of unjust enrichment can require the restitution of gains.
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What Is an Overriding Royalty? An overriding royalty is an interest in an asset that provides rights of participation which allow the investor to enjoy a royalty that is above and beyond the basic royalty that he or she is entitled to as part of the compensation for the investment.
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What Is Base Salary and Who Receives It? PM Images/ Iconica/ Getty Images. Definition: Salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed. Salary is paid, most frequently, in a bi-weekly paycheck to an exempt or professional employee.In most years, an employee's salary is paid in 26 even paychecks over the course of the year.he salaried employee or employee who is paid by salary does not track hours worked and is not paid for overtime. (Some public sector, often union represented, employees expect to account for hours and collect compensatory time off. This is not the norm in the private sector.).
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Landowner's Guide to Oil & Gas Leasing Royalty - Your share of the production from beneath your property. This will be referred to in the lease as a fraction - usually 1/8 of the value of the oil and/or gas produced and sold. Shut-in Royalty - Payment in lieu of a production royalty.
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What Is a Decision Tree? - Examples, Advantages & Role in Management Decision Tree Definition. A decision tree is a graphical representation of possible solutions to a decision based on certain conditions. It's called a decision tree because it starts with a single box (or root), which then branches off into a number of solutions, just like a tree.ou'd like to have plans in place, but there are a few unknown factors that will determine what you can, and can't, do. Time for a decision tree. First, you draw your decision box. This is the box that includes the event that starts your decision tree. In this case it is your parents coming to town.
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Understanding Franchise Payments Definition: A royalty fee is an ongoing fee that the franchisee pays to the franchisor. This fee is usually paid monthly or quarterly and is typically calculated as a percentage of gross sales.
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A MINERAL OWNERâS INTRODUCTION TO OIL AND GAS LEASES The royalty clause may provide that the value of the oil and gas is measured by the price that the lessee receives from selling the oil. But if the lessee refines the oil, the oil is not sold and there is no sale price. In that situation, the lease will provide an alternate method of valuing the oil production.
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compensate verb (used with object), compensated, compensating. 1. to recompense for something: They gave him ten dollars to compensate him for his trouble. 2. to counterbalance; offset; be equivalent to: He compensated his homely appearance with great personal charm.