Risks of Leasing Mineral Rights

Should you lease or sell mineral rights? Before you decide, you weigh the advantages and disadvantages of leasing and selling, compare them, and determine what advantages you want to have and what disadvantages you may have room to tolerate.

For many, leasing mineral rights have been the option, because they like the idea of getting constant cash flow from royalties and whatnots more than the idea of getting a lump sum from selling mineral rights. It should also not be overlooked that leasing, in the long run, can translate to bigger overall money compared to the lump sum that can be acquired through selling.

But as said earlier, mineral rights owners like yourself should not just focus on the advantages. They should look into the disadvantages as well, so they can determine whether they can tolerate them. The main disadvantage of leasing is that it is open to risk, because owners are still greatly involved, as opposed to sellers, who are completely out of the picture once they sold the rights. Below are just some of the risks.

The price of the resource may decrease

The good thing about selling mineral rights is that you can valuate the minerals underneath your property at current pricing, so you can get the equivalent money in return. But you cannot say the same thing about leasing.

The price of the minerals may decrease over time, and this is not a big if, as it is actually very possible. The rise of renewable resources and alternatives will decrease the demand for your minerals, and therefore will cause price reductions and decreased royalties on your part. In this sense, you can make less money in leasing than selling, and worse, you will get this money incrementally and not immediately.

The resource may not be as abundant as expected

Your property will be studied, to determine the possible amount of minerals underneath it and give a proper value to them. Only then can a negotiation between you and a possible buyer can gain traction. But there are instances where the amount of minerals that have been determined in the study is not accurate, resulting into misestimated values and less royalties.

Again, if this happens, you may get less money in leasing than selling, just because your property has not been as productive as expected.

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How to Ensure the Safety of the Workplace

How to Ensure the Safety of the Workplace

Employers can be taken to court if their negligence has resulted into an accident and injury. This not just damages their reputation, as it can also lead to financial compensation to the troubled party, mainly in the form of coverage for treatment costs, lost wages, and the pain and suffering of getting injured at work.

Use proper gears

Dangerous work environments like construction sites require protective gears, such as helmets, gloves, and boots. These may not entirely prevent accidents, but they can help minimize damage when an accident does occur.

Enforce safety programs

Safety procedures should also be strictly implemented to prevent unnecessary actions or inactions that may result into accident and injury. Such programs may include the strict requirement of using protective gears, installation of warning signs on areas or equipment that can pose a threat, and the utilization of timely breaks to avoid overexertion.

Organize the work area

A cluttered workplace can be very dangerous, and this is true for both hazardous and non-hazardous work environments. Unattended holes in construction sites may cause falls. Opened cabinets and loose cables in offices may trip employees. By ensuring the organization of the work area, employers are greatly reducing the risks of accidents.

Maintain the work area and its equipment

The lack of maintenance may result into defects and malfunctions. For dangerous work environments, the things most prone to these issues are tools, equipment, machines, and vehicles. For safer work environments, the things include elevators, escalators, desktops, coffeemakers, air conditioners, and even floors.

Beware of hazards

No matter how diligent employers are in enforcing safety programs, organizing the workplace, and maintaining the workplace’s equipment, there may be inherent hazards in the work area. One of the most overlooked issues is fire. Be wary of fire hazards in the workplace, such as malfunctioning equipment, faulty electrical systems, and combustible materials near sources of fire.

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Common Overtime Pay Violations Experienced by Nurses

Thanks to the Fair Labor Standards Act, employees working in America are able to receive protection from any unfair labor practices. Among the many things that the FLSA assures employees is their right to receive proper wages for work rendered outside their regular 40-hour weekly schedule. Overtime pay should be no less than 1.5 times more than an employee’s regular rate of pay. For employees earning the federal minimum wage of $7.25 per hour, overtime pay should mean getting an additional $3.63. This should mean that minimum wage employees should be paid $10.88 for every hour worked over their typical schedule.

While the FLSA identifies certain professions as exempted from overtime pay, a lot of employers insist on short-changing even those employees that do qualify for the additional 1.5 hourly rate. Among the many workers that experience overtime pay violations are nurses and other healthcare employees in nursing homes and assisted living centers. Common violations experienced by these individuals include being required to work off the clock and having time deducted from their meal period. It’s also common for these employees to have to start preparing for work before the official start of their shift and continue working long after their shift ends. Sometimes, nurses are also required to go to meetings, seminars, and training programs without being properly paid for their time. According to Leichter Law, many nurses are misclassified by their employers, identifying them as exempt employees simply because they are salaried employees. This is especially true for LVNs and LPNs. They do not qualify as exempt professionals and are entitled to the same overtime pay regulations charted in the FLSA.

Aside from nurses, many other individuals experience overtime pay violations and aren’t able to receive proper compensation for all their hard work. Whether you are a salaried employee, independent contractor, or hourly employee, unless your profession is explicitly exempted by the FLSA, you are entitled to receive overtime wages at the government-mandated rate.

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Holding business establishments liable in drunken driving accident

Car accidents that are caused by drunken drivers often fatal and many families are left suffering from great financial loss. The National Highway Traffic Safety Administration (NHTSA) noted that over 10,000 people were killed in alcohol-related accidents in the year 2012.

When a drunken driving accident happen, it is way too common for victims to blame and pursue damages from the intoxicated driver who is responsible to the crash. Families who have been victims of drunken driving accidents file lawsuits against negligent drivers for them to possibly get financial assistance they need for hospitalizations. However, the website of Clawson & Staubes, LLC: Injury Group says that the insurance or assets of intoxicated drivers are often insufficient to cover the losses of accident victims. At some point, families may possibly held other parties liable if business establishments that serve alcohol contribute to the intoxication of the driver involved in the crash.

Almost all states in the U.S. including South Carolina have “Dram Shop” laws where drunken driving accident victims may possibly pursue damages from bars, clubs, party organizers, and other alcohol-serving establishments. Alcohol-serving establishments are prohibited to serve too much alcohol beverage to a customer who is expected later to drive a vehicle. Dram Shop laws were created for drunken driving accident victims to recover their financial losses by filing lawsuits against establishments that are responsible for the impairment of the driver involved in the crash. Victims and families of drunken driving accidents who have suspected that other parties are liable for their injuries may find it difficult to prove that an alcohol-serving business has liability.

Drunken driving accident victims might consider working with a skilled lawyer to possibly help them strengthen their claim.

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