Lessee Escape Termination
Escondido and Justapor. Next up on Tiny Desk Concert? Good guess, but no. They are the parties in Escondido v. Justapor, a Texas case presenting the perils of lease termination clauses and vaguely-drawn contracts. The
What Happens to a Bundled Production Payment When a Lease Terminates?
Must a production payment out of four oil and gas leases be proportionately reduced if two of the leases expire because production ceased? In Apache Deepwater, LLC v. McDaniel Partners , Ltd., the Texas Supreme
Demand for payment
Here is a format to follow while drafting a demand for payment. Date _______________________ To _________________________ ____________________ ____________________ Dear _______________________ We have tried on several occasions to secure payment of your overdue account but it
Agreement to sell property (not land)
THIS AGREEMENT is made the ______ day of _________________ year _____ BETWEEN: (1) _________________ of _________________ (the ‘Buyer’); and (2) _________________ of _________________(the ‘Seller’). NOW IT IS HEREBY AGREED as follows: 1. The Seller agrees
Agreement for sale of goods
THIS AGREEMENT is made the ______ day of _________________ year _____ BETWEEN: (1) _________________ of _________________(the ‘Buyer’); and (2) _________________ of_________________(the ‘Seller’). NOW IT IS HEREBY AGREED as follows: 1. In consideration for the sum
When is a Joint Venture a Security?
Here are several things to note about SEC v. Arcturus et al : Pay attention to this post if you sell oil deals in the way these defendants did. This is a civil enforcement suit,
WHY THE NBA ADOPTED E -VOTING FOR ITS 2016 GENERAL ELECTION
It is recalled that the NBA President, Augustine Alegeh, SAN, had on Friday, August 29 2014, in Owerri, Imo State stated that he would press for e-voting within the electoral system in the NBA. He
HERE COMES THE SECRET BEHIND DRAFTING A DEED OF LEASE ASSIGNMENT
ASSIGNMENT OF COMMERCIAL LEASE This Assignment of Lease (the “Assignment”) is made and effective as of _________ __, 20____ (the “Effective Date”) by and between ______________, [an individual] [corporation] [etc.] (the “Assignor”) and _______________________, [an
LEGAL AID WHILE DRAFTING A SIMPLE AGREEMENT
THIS AGREEMENT is made the ________ day of _________________ year ______ BETWEEN: (1) _________________ of _________________ (the ‘First Party’);and (2) _________________ of _________________ (the ‘Second Party’). NOW IT IS HEREBY AGREED as follows: 1. That
