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“We’ll Fill in the Blanks Later” Does Not Make a Contract

By Charles Sartain on May 15, 2012
Posted in Lease Disputes

Contract law 101: To have a binding contract there must be an offer and an acceptance. And so it is in oil and gas leasing in Louisiana. Thus, in Ballard v. XTO there was no binding agreement to take a lease.

 

 A landowner representing an unknown number of potential lessors…

About Charles Sartain

I have been helping clients of all types resolve their commercial disputes for most of my 35 years as a lawyer. Of the many industries in which I have worked, the energy business is the most fascinating…More

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