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<blockquote data-quote="slugboy" data-source="post: 1000039" data-attributes="member: 282"><p> <ol> <li data-xf-list-type="ol">You sell me the mineral rights on land you own for 20 years</li> <li data-xf-list-type="ol">In return, I promise to make you payments based on what I extract </li> <li data-xf-list-type="ol">Five years later, you find someone willing to pay more for the rights</li> <li data-xf-list-type="ol">You want out of the deal. You are entitled to sell the land, but I maintain mineral rights and access rights</li> <li data-xf-list-type="ol">This is exactly aligned to what the ACC and member universities agreed to</li> </ol><p>It is not a penalty or extortion for me to hold on to the rights. I own them </p><p></p><p>The fact that you need them for another business deal is immaterial. I own them.</p><p></p><p>I can sell them back to you if I want to. I don’t have to. If it’s worth it to me, I’ll do it.</p></blockquote><p></p>
[QUOTE="slugboy, post: 1000039, member: 282"] [LIST=1] [*]You sell me the mineral rights on land you own for 20 years [*]In return, I promise to make you payments based on what I extract [*]Five years later, you find someone willing to pay more for the rights [*]You want out of the deal. You are entitled to sell the land, but I maintain mineral rights and access rights [*]This is exactly aligned to what the ACC and member universities agreed to [/LIST] It is not a penalty or extortion for me to hold on to the rights. I own them The fact that you need them for another business deal is immaterial. I own them. I can sell them back to you if I want to. I don’t have to. If it’s worth it to me, I’ll do it. [/QUOTE]
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