When you agreed to let the oil or gas company lease your land a few years ago, the demand for oil and other natural minerals was going strong. Now, there's been a huge drop in demand and production is falling accordingly. Will the well on your property suddenly stop...
Month: April 2020
Common mistakes with noncompete agreements
A good noncompete agreement isn't out to limit a former employee's prospects in life or penalize a company's prior owner. Noncompete agreements are designed to protect legitimate business interests in an increasingly competitive world. That makes it especially...
Things nobody warned you about as an executor
Being the executor of someone's estate feels like an honor, so you naturally accepted -- but you had no idea about the trouble that you were about to face.Most people have no idea what to expect when they're serving as someone's executor. They typically anticipate...
Lowball insurance settlements are a form of bad faith insurance
Insurance companies, like other businesses, want to turn a profit by providing services to the public. Typically speaking, insurance companies make a profit off of policyholders who don't have to file significant claims and can take financial losses if they have to...
What’s an oil and gas lease shut-in clause?
"Shut-in" clauses are a source of confusion for many property owners who agree to an oil and gas leak. On its surface, a shut-in clause probably doesn't sound like a bad idea. It requires the oil and gas company to pay you a small royalty each month -- even if the...
Tip for negotiating indemnity clauses
Negotiations between businesses are all about managing risks because things can and do go wrong all the time. Looking ahead to potential problems means paying attention to your indemnity clauses.Indemnity clauses can be tricky to navigate precisely because they're...
