Quote:
Originally Posted by roper1
IMO we need to remember some of these treaties are 135 yrs old. Clinton & Mulroney signed an agreement 15 yrs ago and it is updated regularly. The treaties were signed by our great, great grandparents generation. I hope my great,great grandchildren are not bound by a contract I make today that is workable today but unlikely to be relevant 135 yrs from now
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Sorry, not trying to derail the thread. Just had to reply to this post.
Generational?
Careful what contracts you sign.
We have a lease road and wellsite on family land that my grandfather gave Esso Resources a 99 year lease to back in the 1940's. That lease road and wellsite has effected my brother and other land owners now, 60+ years later. Even though the wellsites have since been abandoned. The land was also contaminated with salt water and 60+ years later still requires reclamation. The wells dried up and the oil companies moved on to greener pastures and doing the same all over again somewhere else to someone else. I suspect my families land will still need reclamation for many decades to come. Long after I am gone too.
So contracts or treaties do effect may generations to come. My grandfathers contract will continue to effect many future generations.
I have heard there are morgages in Europe that are generational. Has anyone else heard of generational morgages overseas?