NONEXECUTIVE RIGHT
nonexecutive right.Oil & gas. A mineral interest that does not confer the right to lease. • Nonexclusive rights include royalty interests and nonexecutive mineral interests.
[Blacks Law 8th]
nonexecutive right.Oil & gas. A mineral interest that does not confer the right to lease. • Nonexclusive rights include royalty interests and nonexecutive mineral interests.
[Blacks Law 8th]