Michigan Administrative Services Agreement

State:
Multi-State
Control #:
US-OG-760
Format:
Word; 
Rich Text
Instant download

Description

This agreement is used when The Company owns all of the outstanding shares of common stock of a company involved in the acquisition, exploration, production, transportation, treating and processing of oil, gas, and other minerals and the Company has requested a Manager to provide administrative services to manage the affairs and business of the Company.
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How to fill out Administrative Services Agreement?

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FAQ

There are four essential elements of forming a contract: offer, acceptance, consideration, and intention to create legal relations. Beyond this, the terms of the contract must also be unambiguous, and the parties must have the mental capacity to agree.

In most cases they will simply have to show that the other party was aware of the existence of the standard terms and conditions. Such evidence typically consists of correspondence referring to the standard terms and conditions or reference to them on order forms.

Elements of a Contract Offer - One of the parties made a promise to do or refrain from doing some specified action in the future. Consideration - Something of value was promised in exchange for the specified action or nonaction. ... Acceptance - The offer was accepted unambiguously.

4 Elements of a Breach of Contract Claim (and more) The existence of a contract; Performance by the plaintiff or some justification for nonperformance; Failure to perform the contract by the defendant; and, Resulting damages to the plaintiff.

A rule in contract law known as the statute of frauds requires that, to be enforceable, a contract for employment for a term of one year or more (i.e., an employment contract for a definite term of years) must be in writing.

While verbal contracts can be legally binding in Michigan, it is still best to consult a competent Muskegon lawyer to ensure the agreement is enforceable and protects your best interests, especially if you lack sufficient knowledge of the law.

The Law Regarding Breach of Contract ?A party asserting a breach of contract must establish that (1) there was a contract (2) which the other party breached (3) thereby resulting in damages to the party claiming the breach.? Miller-Davis Co v Ahrens Const, Inc, 495 Mich 161, 178 (2014).

A contract is only legally binding if it is mutually beneficial to both parties involved. This is commonly referred to as consideration. When a party promises to do something without getting something in return, the deal will usually be unenforceable in court.

A breach of contract is when one party to the contract doesn't do what they agreed. Breach of contract happens when one party to a valid contract fails to fulfill their side of the agreement. If a party doesn't do what the contract says they must do, the other party can sue.

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Michigan Administrative Services Agreement