The right of guardianship developed in England during the Crusades. When the knights went to the Middle East, they had to leave a friend for each country they held to pay and receive feudal taxes. Before the development of the fiduciary law, it was only for the crusader to transfer the property of his country to a friend, provided that it was returned after the knight`s return. Of course, too often, the friend was a little surprised that the knight did not go on a trip or on the battlefield ™ not die and went home. Many trusted friends were ™ not happy with this turn of events and refused to return the country. The knight had nothing but to address the king. The king would put things in order if he wanted to, but sometimes he was just as happy to let the knight rust alone and without earth in the rain. At one point, such a case became so common that King ™ did not have time to do so and delegated the work to the Lord`s Chancellor by authorizing him to do the right and just on a case-by-case basis. Finally, it has become common for the Chancellor of the Lord to recognize the pretensions of all returning crusaders. This is where the law of justice was born, when the concept appeared that the rightful owner, the friend, would keep the land for the property of the original owner, the crusader, and would be obliged to return it upon request. The crusader was the beneficiary and friend of the directors. The concept of land use was invented and over time became what we know today as trust.
Surprisingly, in the oil and gas industry, original fiduciary contracts on mineral records are often not established as contracts in the terrestrial system. It`s a risky policy. As with any contract, trust agreements must be put in place in the system and their own files must be kept in order to understand them and ensure that they are properly managed. Some companies may find it convenient to put a photocopy of a trust agreement on associated mineral files, but the original should have its own contract file. From this history, we can see that land interests consist of two components: legal interest and beneficial or just interest. If the rightful owner uses and occupies the land or benefits from it, these two interests will be grouped together. But they can be dismantled and separated. In the oil and gas industry, for example, a company may have legal interests and another company or group of companies may retain economic interests. If this separation occurs, there is a position of trust. It ™ doesn`t even need to be documented. It can only arise from the behaviour of the parties.
These are called implicit positions of trust. However, for safety and the best possible evidence on the type of trust, it is ™ best to have a contract known as a trust contract.