I’ve 2 companies competing with each other over the upfront bonus and royalty. The 2nd company just presented an offer that outweighs the former’s offer. I informed the former of my decision to go with the newer offer and the former states they want to counter-offer. Am I supposed to just play middleman here? The money is important to me now, so further reaching patience is wearing thinner though the competition is intriguing. What if a 3rd party steps forth?
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That’s intriguing! I would be sure to have a knowledgeable lawyer look over each offer before agreeing or signing.
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Exactly! The bonus and royalty are important, but the clauses in the lease are more important as they can hold your family for generations. Investing in good legal advice can pay off in the long run.
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Do you know a good attorney in North Dakota who is taking on new clients? Thanks
I do not, but several have been posted on the forum in the last couple of weeks.
Add a third person and you can auction the lease to the highest bidder. 
This is exactly what you should want if the dollars are important to you. Competition creates the best market. I do not share OGL terms with companies, but I will tell them that they have to increase their offer if they want to be considered. When you have multiple offers and you want to end the process, pick a great set of terms and tell them the first one to get there can have the OGL.
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