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Contracts

Land Use Law

University of New Mexico

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Creating Contracts In A Vacuum: Space Mining And The Creation Of Future Contract Law, Kris Turner Jan 2020

Creating Contracts In A Vacuum: Space Mining And The Creation Of Future Contract Law, Kris Turner

Natural Resources Journal

Asteroid mining is set to be one of the most lucrative industries of the near future. With mineral value that dwarfs resources found on Earth, the race to locate and mine these precious minerals will soon begin in earnest. However, asteroid mining raises numerous legal questions, including how to create contracts for private mining companies to exploit the asteroids. Standard mining contracts provide a foundation for earthbound contracts, while mining in extreme environments such as Antarctica and the seabed provides further structure upon which parties interested in asteroid mining can begin building new contracts. These earthbound contracts also serve as ...