# Contract terms
**URL:** https://www.mineralrightsforum.com/t/contract-terms/41615
**Category:** Coal County, OK
**Created:** [February 12, 2019, 8:19pm UTC](https://www.mineralrightsforum.com/t/contract-terms/41615 "2019-02-12T20:19:10Z")
**Posts on this page:** 4
**Page:** 1
### Author:  [@Denise\_Lacquement](https://www.mineralrightsforum.com/u/Denise_Lacquement)
#### Post date: [February 12, 2019, 8:19pm UTC](https://www.mineralrightsforum.com/t/contract-terms/41615/1 "2019-02-12T20:19:10Z")
Can anyone translate what “WITNESSETH, That the said lessor, for and in consideration of Ten and no/100 DOLLARS, cash in hand paid” means in the Oil and Gas Lease?
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### Author:  [@Richard\_Winblad](https://www.mineralrightsforum.com/u/Richard_Winblad)
#### Post date: [February 12, 2019, 10:23pm UTC](https://www.mineralrightsforum.com/t/contract-terms/41615/2 "2019-02-12T22:23:54Z")
To be binding there must be consideration for a contract. This is a time-honored method to describe some of the consideration. It doesn’t mean that you are leasing for $10. On that point, never deliver a lease without a check in hand or with your attorney or escrow agent. (Read some blogs where people never get paid for leases.) If using an attorney, the entire lease should be reviewed. Get all cash bonus offers in writing on their letterhead.
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### Author:  [@Denise\_Lacquement](https://www.mineralrightsforum.com/u/Denise_Lacquement)
#### Post date: [February 12, 2019, 10:31pm UTC](https://www.mineralrightsforum.com/t/contract-terms/41615/3 "2019-02-12T22:31:59Z")
Thank you, Richard. You answered my concern perfectly, as I was worried that the $10 concluded the sell, if you will.
Thank you!
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### Author:  [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 6:16pm UTC](https://www.mineralrightsforum.com/t/contract-terms/41615/4 "2025-01-11T18:16:17Z")