§ 1218.100 Royalty and rental payments
§ 1218.101 Royalty and rental remittance (naval petroleum reserves)
§ 1218.102 Late payment or underpayment charges
§ 1218.103 Payments to States
§ 1218.104 Exemption of States from certain interest and penalties
§ 1218.105 Definitions

Terms Used In CFR > Title 30 > Chapter XII > Subchapter A > Part 1218 > Subpart C - Oil and Gas, Onshore

  • Contract: A legal written agreement that becomes binding when signed.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.