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Restrictive covenants in contracts largely serve as deterrents to prevent misconduct. Vendors, independent contractors, business partners and employees for subject to restrictive covenants may avoid taking certain jobs, releasing non-public information or attempting...
Say you’ve found a tract with real oil potential, priced to sell. It feels like a rare opportunity, maybe even a turning point. But the land on the surface and the minerals underneath, including oil and gas, may not belong to the same person. Before you picture...
Oil and gas companies often secure leases from property owners with no immediate plans to erect a well or begin mineral extraction on their property. However, increased demand and other factors may lead to a decision to begin extraction efforts at a property that...
A business partnership allows partners to pool financial resources, increasing their shared overall capital, bridging the gap in expertise and knowledge, offering tax benefits and leading to more business opportunities. However, this arrangement can also increase the...
Companies have to be on guard all the time when it comes to intellectual property rights. While most companies have a good grip on their own IP rights, they sometimes run into trouble through the use of another company's IP> Intellectual property woes can happen to...
Partnership disputes can bring about complex litigation. Business partners may find themselves at odds regarding their roles and responsibilities, or there may be financial conflicts. One business partner may want to exit the partnership entirely, or there could be...
When you evaluate a business deal or property purchase, it may seem reasonable to assume that any past environmental issue stays with the prior owner. In many cases, that is not how the law works. The law can hold you responsible for environmental damage even if you...
Executives helping to run businesses typically make every reasonable effort to ensure that a company grows and generates profits. They typically benefit from the company’s success. Unfortunately, some executives abuse their positions to generate additional personal...
People who own mineral rights in Oklahoma are often faced with decisions about their land. One of these is how land should be developed, but this doesn’t always depend only on a single mineral rights owner. The Oklahoma Corporation Commission has the option of...
Companies operating oil and gas wells on private property protect their interests by signing leases with property owners. They may even secure easements to ensure that they have access to the property. For the most part, oil and gas companies operating wells on...