Illinois 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

There are small differences between a contract and a service agreement. Essentially, a contract follows a more formal outline than an agreement. An agreement can include any understanding between multiple parties about what they promise to do for each other.

Contract Opportunities Find current contract opportunities. Register your business to sell to Illinois. Contact State purchasing experts. Call 1-866-455-2897 for additional information or e-mail il.bidbuy@illinois.gov.

Furthermore, one of the core differences between a services agreement and a contract is the formality of the legal documents. Services agreements require fewer formalities to contracts. These informal deals sometimes rely on parties to complete the agreement. However, contracts are incredibly formal documents.

The Illinois Procurement Code ("Code"), Section 30-22 (6) provides as follows: "The bidder and all bidder subcontractors must participate in applicable apprenticeship and training programs approved and registered with the United States Department of Labor's (USDOL ) Bureau of Apprenticeship and Training."

Section 50-37 of the Illinois Procurement Code (30 ILCS 500/50-37) prohibits business entities with contracts and solicitations worth in excess of $50,000 in combined annual value pending with a given officeholder responsible for awarding the contracts from making campaign contributions to campaign committees ...

A master service agreement, sometimes known as a framework agreement, is a contract reached between parties, in which the parties agree to most of the terms that will govern future transactions or future agreements.

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.

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.

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Illinois Master Land Services Contract