Agreement Payment Between Without Prejudice

State:
Multi-State
Control #:
US-OG-241
Format:
Word; 
Rich Text
Instant download

Description

The Agreement For Payment On Casinghead Gas is a legal contract between a Gas Purchaser and a Lease Operator concerning the sale and delivery of casinghead gas produced from specified lands. This document outlines the representations and warranties of the Operator regarding ownership of gas, as well as the payment obligations of the Purchaser to the parties identified in Exhibit 'B.' Key features include the automatic payment of proportional shares to the interested parties and conditions for payment contingent on the Operator providing acceptable division orders. In cases of title disputes, the Purchaser has the right to suspend payments until claims are resolved, ensuring financial protection. This Agreement is governed by state law and allows for execution in counterparts. It serves as a valuable tool for attorneys, partners, and paralegals involved in gas transactions, ensuring clarity in payment terms and mitigating disputes through formal documentation.
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  • Preview Agreement For Payment on Casinghead Gas Between Gas Purchaser and Lease Operator

How to fill out Agreement For Payment On Casinghead Gas Between Gas Purchaser And Lease Operator?

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FAQ

In the formal legal world, a court case that is dismissed with prejudice means that it is dismissed permanently. A case dismissed with prejudice is over and done with, once and for all, and can't be brought back to court. A case dismissed without prejudice means the opposite. It's not dismissed forever.

The pay without prejudice period allows an insurer to pay benefits to a claimant without accepting liability for an accident or illness. An insurer can pay benefits for up to 180 days after the initial injury while it decides a case.

The purpose of the without prejudice rule is to encourage parties to a dispute to try and reach a settlement by allowing them and their legal advisers to speak freely and make concessions knowing that their words cannot be used against them later in court if the negotiations fail to achieve settlement.

In the formal legal world, a court case that is dismissed with prejudice means that it is dismissed permanently. A case dismissed with prejudice is over and done with, once and for all, and can't be brought back to court. A case dismissed without prejudice means the opposite. It's not dismissed forever.

A without prejudice clause in a contract ensures that each party in the contract maintains their legal rights and privileges. Neither party will have a loss of rights.

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Agreement Payment Between Without Prejudice