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It can be difficult to locate a commercial property that suits the needs of your business and fits with your operational goals. Once you locate a storefront or building that you believe would be ideal for your Oklahoma company, you will likely be asked to sign a...
The oil and gas industry is highly competitive. Yet sometimes it is best to work with a competitor, rather than against them. Working together may mean that you can extract oil or gas that neither of you could do alone. Companies use farmout agreements when one party...
Your company's shareholders may not be involved in the day-to-day operations, but they are an integral part of the business. They can vote on certain corporate actions and can elect directors. Further, they have the right to directly influence the company's...
If you are in business for long enough, there will likely come a time when you disagree with someone over a contract. Either you feel they have breached their obligations to you, or they accuse you of failing to meet your obligations to them. Sometimes litigation is...
When you own mineral rights in Oklahoma, you have the option to either sell or lease those rights to oil companies or investors. Leasing is a common choice, but some may sell their rights instead. If you decide to sell, it's crucial to consider the various factors...
Oklahoma boasts a rich Native American history, diverse landscape and abundant natural resources. With all 77 counties in the state producing minerals, property owners may find that they own more than just a piece of land if valuable resources are beneath it. However,...
The oil and gas industry has multiple ways to account for properties used for various purposes. Defining their ownership interests is crucial, especially for taxpayers who could own numerous types of interests for one plot of land. These details could affect the...
Property rights can belong to two different parties, especially in resource-rich states like Oklahoma and Texas, where gas and oil play a crucial role in the economy. A property owner might only have surface rights, which is the right to access and use the land to...
Every company relies upon contracts to state the terms of agreements with partners, customers, vendors and others involved. Valid contracts involve deadlines, costs, goods and services provided, and what happens if one party doesn't meet the terms of the agreement....
Whether in Oklahoma or Texas, entrepreneurs try to minimize risk and maximize the potential for their business's success. Negotiating a joint venture agreement is a critical step in establishing the terms and conditions of a partnership between two or more entities....