I have been approached by 3 companies. The offer we are looking at right now looks like this:
- 3/16 royalty
-3 year lease, no 2 year option
-limited warranty clause (limits amount of bonus $$ paid and not attorney fees, mortgages, taxes...etc.
-pugh and depth clause
-limited deductions clause - can change to a 2 year shut in clause
I literally have zero idea what the last 2 mean?? Anyone out there who can educate me?