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AAPL Has a Model Form Participation Agreement

By Charles Sartain on November 14, 2024
Posted in Purchase and Sale Agreements

Author Paul Yale*

In the summer of 2022, the Executive Committee and Board of Directors of the American Association of Professional Landmen approved the first ever Model Form Participation Agreement to be approved by the Association.

So, the basics: A Participation Agreement (PA) typically, it is an agreement by which a participant will buy-in…

The Rule Against Perpetuities is Alive and Enforceable in Oklahoma

By Charles Sartain on November 30, 2016
Posted in Contract Disputes, Land Titles

perpetuityToday we venture into Oklahoma, to be instructed on the Supreme  Court’s treatment of the Rule Against Perpetuities. First, the Rule: No property interest is good unless it must vest, if all, not later than 21 years after some life in being at the creation of the interest.

In American Natural Resources LLC v. Eagle …

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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