EKB lawyers David Allman and Alan Monk shared their expertise at the Mining Law Conference, presented by the Continuing Legal Education Society of BC, on October 12, 2017. David and Alan’s presentation was titled, “Royalty Companies’ Effect on Royalty Agreements and Other Recent Trends”.
David and Alan discussed topics such as the nature of a royalty, provisions found in “traditional” royalty agreements, and new provisions found in agreements used by royalty companies. They also gave an example of the importance of a royalty being an interest in land.
In the paper presented at CLEBC, David and Alan describe how mining companies have used royalties as a source of financing. In addition, this paper outlines certain common royalty provisions and discusses the potential loss of royalties upon the bankruptcy and insolvency of the property owner.