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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...
As a property owner, or someone looking to extract resources, you need to be clear about people’s rights. While this can be complex for resources such as gold or coal which are static, it can be even more complex when the resource concerned can move, such as in the...
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...