A provision in a contract, no matter how unequivocal, does not always trump the law. The oil and gas lease allowed assignments, but no change or division in ownership of the land or royalties would be binding on the lessee until the acquiring party had furnished lessee with the instruments constituting his chain of title
The Burden of Due Diligence
By Charles Sartain on
Posted in Construction, Contract Disputes
What happens when the owner’s promise that it has conducted due diligence collides with the contractor’s fixed price obligation?
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