extraction rights
nounUK /ɪkˈstrækʃən raɪts/
US /ɪkˈstrækʃən raɪts/
The official permission to take something valuable like oil or minerals out of the ground.
The company bought extraction rights so it could pump oil from the land.
OTHER MEANINGS
2. The legal right to remove data or information from a system.
The contract gave the firm extraction rights to the archived records.
3. The right to take a natural resource from a specific area for a set time.
The tribe kept extraction rights to the forest's timber.
4. Permission to pull out a substance, such as water, from a shared source.
Farmers argued over extraction rights for the river water.