|To avoid hardships to producers, in the event of shortfall of outputs, agreements are sometimes made to guarantee the landlord a minimum rent.
Such agreements often contain a provision that if the rent due ( calculated on the tonnage produced,etc) does not reach the minimum amount, the DIFFERENCE or DEFICIENCY may be carried forward and deducted from the payment of future royalties.
These agreements are referred to as a right to recoup shortworkings and usually this right only extends over a limited period.
March 8th, 2011 Comments off
December 18, 2015
May 16, 2013
- In Personnel Management,do you think that labour turnover has any advantages to an organization? List a few potential advantages
May 17, 2013
May 21, 2013
- In an organization, briefly explain the benefits or advantages and disadvantages of decentralization
May 25, 2013
- What are the advantages and disadvantages of using Common Stock Financing from the viewpoint of the Corporation