# Purchase & Sale agreement

**URL:** https://www.mineralrightsforum.com/t/purchase-sale-agreement/65891
**Category:** Law & Legal
**Created:** [April 11, 2022, 11:12am UTC](https://www.mineralrightsforum.com/t/purchase-sale-agreement/65891 "2022-04-11T11:12:08Z")
**Posts on this page:** 8
**Page:** 1

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### Author: ![DRAGON](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/d/13edae/32.png) [@DRAGON](https://www.mineralrightsforum.com/u/DRAGON)
#### Post date: [April 11, 2022, 11:12am UTC](https://www.mineralrightsforum.com/t/purchase-sale-agreement/65891/1 "2022-04-11T11:12:08Z")

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If I sign a purchase agreement to sell part of my R.I., will their part in production start from the date of the purchase agreement or the date the mineral deed is signed? I appreciate any info on this topic.

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### Author: ![TODD\_M\_Baker](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/t/91b2a8/32.png) [@TODD\_M\_Baker](https://www.mineralrightsforum.com/u/TODD_M_Baker)
#### Post date: [April 11, 2022, 1:31pm UTC](https://www.mineralrightsforum.com/t/purchase-sale-agreement/65891/2 "2022-04-11T13:31:37Z")

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You must read the PSA. It will tell you the effective date.

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### Author: ![DRAGON](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/d/13edae/32.png) [@DRAGON](https://www.mineralrightsforum.com/u/DRAGON)
#### Post date: [April 11, 2022, 2:32pm UTC](https://www.mineralrightsforum.com/t/purchase-sale-agreement/65891/3 "2022-04-11T14:32:00Z")

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Ok, thanks Todd, wasn’t sure about that.

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### Author: ![Diesel](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/d/6bbea6/32.png) [@Diesel](https://www.mineralrightsforum.com/u/Diesel)
#### Post date: [April 11, 2022, 7:02pm UTC](https://www.mineralrightsforum.com/t/purchase-sale-agreement/65891/4 "2022-04-11T19:02:24Z")

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Read that PSA VERY closely.

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### Author: ![DRAGON](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/d/13edae/32.png) [@DRAGON](https://www.mineralrightsforum.com/u/DRAGON)
#### Post date: [April 12, 2022, 12:19am UTC](https://www.mineralrightsforum.com/t/purchase-sale-agreement/65891/5 "2022-04-12T00:19:04Z")

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No doubt about that!! Thanks!

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### Author: ![M\_Barnes](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/m_barnes/32/10942_2.png) [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [April 12, 2022, 2:32pm UTC](https://www.mineralrightsforum.com/t/purchase-sale-agreement/65891/6 "2022-04-12T14:32:13Z")

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Also might want to check if you have any unpaid royalties or royalties held in suspense at the state treasurer’s office or with an operator. A PSA often states that the buyer will get those royalties as well.

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### Author: ![DRAGON](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/d/13edae/32.png) [@DRAGON](https://www.mineralrightsforum.com/u/DRAGON)
#### Post date: [April 14, 2022, 6:41pm UTC](https://www.mineralrightsforum.com/t/purchase-sale-agreement/65891/7 "2022-04-14T18:41:13Z")

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Will do, thank you for your input.

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### Author: ![system](https://www.mineralrightsforum.com/uploads/db5755/original/3X/6/c/6c7c56608c843272ad6e3662ce9562a5956f173e.png) [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [July 10, 2022, 11:12am UTC](https://www.mineralrightsforum.com/t/purchase-sale-agreement/65891/8 "2022-07-10T11:12:08Z")

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