Nevada Rights of Operator Against A Defaulting Party Pre 1989 Agreements

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Multi-State
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US-OG-719
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Description

This form is used if any party fails or is unable to pay its proportionate share of the costs for the operation, the Operator shall have the right to enforce the lien, or the Operator shall have the right, exercised before or after Completion of the operation.

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FAQ

Under Nevada law, the following constitute unfair trade practices: Price fixing, such as raising or lowering the price of a commodity or service. Attempting to create a monopoly. Dividing the marketplace and refusing to sell to certain consumers.

The Nevada antitrust laws prohibit any of the following activities, and more: Price fixing, such as agreements to lower prices to buy raw materials or establish prices for services, to not advertise prices, to bid rig, to discontinue products or restrict the volume of production, etc.

Here are just a few examples: Making false or misleading statements of fact concerning the price of goods or services for sale or lease. Fraudulently altering any contract, written estimate or repair, written statement of charges or other documentation in connection with the sale or lease of goods or services.

Rules relating to deceptive trade practices are dealt under Nevada Revised Statutes, Title 52, Chapter 598 et seq (Deceptive Trade Practices). Section 598.0915 of this Chapter prohibits any person from advertising goods or services with the intent not to sell or lease them as advertised.

Any deceptive act or practice in the course of trade that causes, or is likely to cause, confusion with respect to another person or his activities, in particular with regard to the products or services offered by such person, shall constitute an act of unfair competition.

Nevada is one of the many states that have codified the Uniform Commercial Code into its statutes. As explained by the United States Small Business Administration, the UCC is a group of laws created by the American Law Institute and the National Conference of Commissioners on Uniform State Laws.

Rules relating to deceptive trade practices are dealt under Nevada Revised Statutes, Title 52, Chapter 598 et seq (Deceptive Trade Practices). Section 598.0915 of this Chapter prohibits any person from advertising goods or services with the intent not to sell or lease them as advertised.

"Under [the parol-evidence] rule all prior negotiations and agreements are deemed merged in the written contract, and parol evidence is not admissible to vary or contradict its terms."

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Nevada Rights of Operator Against A Defaulting Party Pre 1989 Agreements