This form is used as a notice that any and all oil and gas leases taken on the Lands, or an interest in them, on or after the specified date, are not subject to or governed by any Agreements dated prior to that date which may be referred to in documents filed of record in the county where the Lands are located.
Nebraska Notice That Agreement Is No Longer in Effect
State:
Multi-State
Control #:
US-OG-725
Format:
Word;
Rich Text
Instant download
Description
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FAQ
No action at law or equity may be brought or maintained attacking the validity or enforceability of or to rescind or declare void and uncollectible any written contract entered into pursuant to, in compliance with, or in reliance on, a statute of the State of Nebraska which has been or hereafter is held to be ...
Can I sue for breach of a verbal agreement? Well, you can take action against a party who fails to live up to a legally binding agreement, including a verbal agreement. However, as mentioned above, you should ensure that all the elements of a legally binding contract are first present.
An unconditional verbal offer becomes legally binding and enforceable on its acceptance, just like a written offer. However, certain offers, such as in a real estate sale or purchase, must be made in writing.
Put simply: yes. From a legal standpoint, verbal contracts can often be as valid as written contracts. They may be extremely difficult to regulate but you should find comfort in knowing that there are applicable state and federal laws that can help enforce such contracts and protect your legal rights.
Nebraska Civil Statutes of Limitations at a Glance There is also a four-year limit for fraud, trespassing, oral contracts, and some other causes of action. For judgments and written contracts, there is a five-year statute of limitations.
In Nebraska, the rescission of a contract refers to the cancellation or reversal of a legally binding agreement. This can occur for a variety of reasons, such as a mistake, fraud, or failure to meet certain conditions.
Oral agreement is not void unless its terms indicate that it is not to be performed within one year from the making thereof. Johnson v. First Trust Co., 125 Neb. 26, 248 N.W.
Noncompliance; failure to pay rent; effect; violent criminal activity upon premises; landlord; powers; exceptions.
