Question

Explain the manner of recoupment of shortworking?? ​

Answer 1

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Answer 2

Answer:

Recoupment of Short-working:

Usually, in a royalty agreement, a further provision is included about the recoupment of short-working, i.e., the lessor allows the lessee the right to carry forward and set off the short-working against the excess or surplus of royalties over the Minimum Rent in the subsequent years.

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