Common use of Deduction of Royalty Clause in Contracts

Deduction of Royalty. The annual minimum royalty and the annual rental for any year shall be deducted from the actual production royalty as it accrues for that year. (2-7-91)

Appears in 7 contracts

Samples: adminrules.idaho.gov, adminrules.idaho.gov, adminrules.idaho.gov

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!