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Contracts are the lifeblood of the business world. They secure commercial transactions and provide the framework within which companies operate. While contracts can vary greatly in complexity and scope, all valid business contracts share three fundamental elements....
The oil and gas sector in Oklahoma is substantial, with billions of tax revenue being generated every year. This means many people working together in cooperation, but there are also occasions when disputes arise. The following are some of the most common causes of...
Starting a new business is an exciting step for many who have long dreamed of being entrepreneurs. For you, your company may have started with a simple idea, and now you are ready to face the future and begin taking the necessary steps to take your idea to the world....
Whether you work in the oil and gas industry or another industry entirely, you may decide that you want to start a business partnership. Rather than launching the company on your own, you’re going to partner with someone else so that this is a joint venture. You do...
Although Oklahoma may not have as many types of minerals as some other states, it is home to various interesting specimens. Mining shiny agates, crystal-like selenites or unique rose rocks can be thrilling and potentially financially rewarding. If you're curious about...
Understanding who has the right to what is crucial in oil or gas investments. The legal nuance of mineral rights can be incredibly complex, and with large amounts of money often at stake, disputes can soon turn nasty. One term you need to understand is a...
Well-written contracts are crucial in business. Yet sometimes, one party intentionally tries to make the wording hard to understand. That could come back to haunt them if there is a later dispute over an alleged breach of the contract. It can also make a dispute more...
RICO stands for the Racketeer Influenced and Corrupt Organizations Act, which the United States government introduced in the 1970s to combat the mafia. Since then, many states, including Texas and Oklahoma, have introduced their own versions, and prosecutors have...
You may have the dream of starting a new business and working for yourself. Being an entrepreneur is the dream of many, but it is not always easy to succeed in this endeavor. There is much more involved with starting a company than only having a good idea and...
If you run a business, you need to accept that you will probably face a commercial dispute at some point. Aside from eating up your time and causing stress, these can harm your reputation and cost you a lot of money, even if you win. Here are some steps you should...