Closed a lease of land-gas

In a land lease contract the rights to the natural gas, land includes typical, that has gas is leased by the owner ("lessor"), the Party of the Earth ("tenant") is to extract the rights using gas and parties want the end told customers Abraham Lincoln to avoid disputes because it is expensive and time-consuming, and this is good advice. But sometimes clients and their lawyers follow these tips, and take a different course. Looking at the situation where the tenant agreement began extracting gas "resource that is believed to amounting to $50 million," recited in the lease. After 10 million in gas, tenants learns that gas is exhausted. What would the tenant? Difficulty: moderate ChallengingInstructions1Consider also fulfill obligations under the agreement if the fulfilment of the agreement means losing $20 million. Knowledge you that Lincoln an excellent lawyer but sometimes was satisfy an agreement you can destroy. Verify your account. 2Consider Bank agreement or not violation. View walk further, make no other lease payments and court costs, to defend themselves against prosecution for breach of contract. Call your lawyer and tell the truth, that you mistakenly believe that gas resources were $ 50 million and it turned out to be a totally different proposition. 3Consider are whether the intention to injure announce and try to negotiate. Get a good negotiator and ask the landlord to give to avoid non-binding arbitration to any litigation 4Consider when requesting an error and continue in equity to cancel or rescind the agreement. You, provide that the courts, the language of the contract and the Vto determine the parties look situations we cancel the contract. Namely, that by their nature, oil and mining speculative 5Confirm by legal courts typically purchased the argument "Error" of these agreements. 6Remember Spéculationnature however, included reciting your language counsel explicitly in the agreement "Resource", which is believed, to 50 million and that in this case is much more likely that the Court of justice a error between research finds the parties and cancel the agreement. 7Conclude which is the best solution to try to renegotiate by arbitration, but if this process fails to resolve, to claim the error and continue in equity, to withdraw from the contract.