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In Oklahoma, the mineral estate is typically the dominant estate. However, this dominance does not exempt mineral owners from following due process. Here is what you need to know about your rights as a surface owner. What is due process? Under Oklahoma law, a mineral...
When a business believes another individual or company caused financial harm through fraud, the dispute can become more complicated. A disagreement over a contract, missed payment or business transaction is not always part of a larger fraud scheme. In some cases, a...
Property with oil and gas rights can be a valuable asset, but legal problems can reduce its value and create expensive disputes. In Oklahoma, mineral rights, existing leases, title problems and environmental concerns can affect what a buyer actually owns after...
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...