Connecticut Master Land Services Contract

State:
Multi-State
Control #:
US-OG-642
Format:
Word; 
Rich Text
Instant download

Description

This form is an oil, gas, and minerals contract between a company and an contractor who will provide, on a non-exclusive basis, such land related services as the company may request from time to time and the contractor agrees to perform such services.
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FAQ

The contractor is deemed to be the consumer of the materials and must pay sales tax on these purchases. Contractor generally cannot use a resale certificate. ? Exception #1: Contractor can use a resale certificate if the contractor is a ?two-hatter? ? i.e., the contractor is also a retailer of goods.

Sometimes, a contract covers a one-time action between parties, but what happens when the relationships or circumstances are ongoing? When signing parties know they will continue to work together in the future, a Master Service Agreement (MSA) can simplify those future agreements and speed up the negotiation process.

A master service agreement (MSA) is a contract that establishes the fundamental agreements between two parties. MSAs allow vendors and clients to agree on basic terms at the outset of a business relationship, which can drastically speed up the negotiation process for future projects and contracts. An Introduction to Master Service Agreements (MSAs) ? blog ? master-service-agr... ? blog ? master-service-agr...

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Connecticut Master Land Services Contract