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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....
With the passing of the Legendary Elvis Presley's daughter, Lisa Marie, the future stewardship of her estate's trust is hanging in the balance. While Lisa Marie's daughter believed she would be the new caretaker of the trust, Lisa's mother, Priscilla Presley, is suing...
When two businesses in Texas decide to combine forces and move forward as one, they have to consider multiple factors specific to each entity to ensure success. This is where due diligence comes in. Understanding due diligence Due diligence is the process of...
Running a business can be a stressful and unpredictable endeavor. Therefore, it's not surprising that conflicts occur between partners even if they generally have a good relationship. Fortunately, Oklahoma and Texas law provide various options for those who need to...
Opening a business in Oklahoma leaves you open to a great many options. One of them will be to structure your new company as a Limited Liability Corporation (LLC). This is an arrangement that has a great many features to recommend it. If you are looking for more...