Legal Definitions - seti

Definition: SETI (set-ee) refers to a lease in mining law.

Example: A mining company may obtain a SETI to extract minerals from a specific area of land.

The example illustrates that SETI is a legal agreement that allows a mining company to use a specific area of land for mining purposes. The lease gives the company the right to extract minerals from the land for a certain period of time, usually for a fee paid to the landowner.