Subsurface Agreement is a legal document that was released by the Louisiana Division of Administration - a government authority operating within Louisiana.
Q: What is a subsurface agreement?
A: A subsurface agreement is a legal document that grants one party the right to access and extract minerals from another party's property.
Q: What is the purpose of a subsurface agreement?
A: The purpose of a subsurface agreement is to determine the rights and responsibilities of the parties involved in extracting minerals from the property.
Q: Who can enter into a subsurface agreement in Louisiana?
A: Any property owner or mineral rights owner can enter into a subsurface agreement in Louisiana.
Q: What are the common terms in a subsurface agreement?
A: Common terms in a subsurface agreement include payment terms, duration of the agreement, and the rights and obligations of both parties.
Q: Can a subsurface agreement be terminated?
A: Yes, a subsurface agreement can be terminated if both parties mutually agree or if one party fails to comply with the terms of the agreement.
Form Details:
Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the Louisiana Division of Administration.