Arkansas Preferential Right to Purchase Production

State:
Multi-State
Control #:
US-OG-505
Format:
Word; 
Rich Text
Instant download

Description

This is a Preferential Right to Purchase Production form. The assignor reserves the right at any time and from time to time to purchase or designate a purchaser for all of assignees oil and other liquid hydrocarbons produced and saved from the interests in the lands and leases that are the subject of this assignment.

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FAQ

Attorney's fees. (a) A provision in a promissory note for the payment of reasonable attorney's fees, not to exceed ten percent (10%) of the amount of principal due, plus accrued interest, for services actually rendered in ance with its terms is enforceable as a contract of indemnity.

In compliance with Arkansas Code Annotated § 19-11-104, the State must have a copy of the anticipated Contractor's Equal Opportunity (EO) Policy prior to issuing a contract award.

(A) A cooperative purchasing agreement is limited to commodities and services for which the public procurement unit may realize savings or material economic value, or both.

§ 19-11-801. Architects and engineers are selected through the use of requests for qualifications or requests for proposals and may not be selected only on the basis of price. Before signing a contract with an architect or engineer, a campus or unit must comply with the following Board policies.

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Arkansas Preferential Right to Purchase Production