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Starting a business in Oklahoma involves many decisions, including whether your LLC needs an operating agreement. While Oklahoma does not legally require this document, having one can provide significant advantages for your business. Is an operating agreement legally...
Fracking has become a significant method for extracting oil and gas, particularly in states like Texas and Oklahoma. However, with growing environmental concerns, managing wastewater from fracking is more important than ever. Violating state laws regarding the...
Starting and running a business can be a thrilling experience with many opportunities, but it's not all fun and games. There are also risks involved, including the possibility of facing lawsuits. To mitigate these risks, entrepreneurs need a proactive approach. Here’s...
Take-or-pay clauses are quite common in the oil and gas industry, particularly in supply agreements. Essentially, these provisions help sellers create a guaranteed minimum revenue stream. On the other hand, buyers can ensure a secure supply of energy and, in most...
The oil and gas industry in Oklahoma is a major contributor to the state's economy, with well operators playing a crucial role in it. Negotiating contracts is a critical aspect of their business as it sets the terms of their operations. Thus, it is essential for well...
For many entrepreneurs, running a business comes with costly conflicts and misunderstandings. Addressing these disputes can be challenging, especially without legal help. However, you can take proactive steps to minimize the risk of disputes. Let's explore some...
Oil companies drill throughout Tulsa, using millions of gallons of water yearly. This affects local water supplies and raises concerns for property owners. The Oklahoma Water Resources Board tracks this water use and enforces rules to protect landowners' rights. ...
Trust disputes can raise concerns about the security of trust assets, especially when allegations of mismanagement, fraud, or other claims arise. Oklahoma law provides several protections to safeguard trust assets during these disputes and ensures their preservation...
Starting a business is an exciting venture full of possibilities and dreams. But before you dive in, there's an essential document that can set the stage for your success: the operating agreement. Think of it as your business's playbook, outlining how things will...
From land disputes to contract disagreements, small businesses can unexpectedly find themselves in legal battles with oil and gas giants. Whether you are a landowner or a local supplier, facing these industry titans in court can be daunting. But do not lose heart....