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Energy & the Law

Category Archives: Purchase and Sale Agreements

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Perils of “Other Provisions” in the Model Form JOA

Posted in Operating Agreements, Purchase and Sale Agreements

Scriveners, when you add those “Other Provisions” in Article XVI of your model from JOA’s, are you sure that the document remains internally consistent, that no “Other Provision” conflicts with the form? … Are you mindful of which of two related contracts will govern if there is a conflict in provisions? Did you choose the correct one?… Continue Reading

More Title Work Needed? The PSA is Still Enforceable

Posted in Purchase and Sale Agreements

Maybe you’ve been there.  All signals are “go” for closing on your PSA.  Then the buyer chooses not to complete  the transaction.  What to do? A question your lawyer will think about when asked to enforce a purchase and sale agreement: Does it describe the property well enough to comply with the statute of frauds?  Preston Exploration… Continue Reading