Rhode Island Unitization Agreement

State:
Multi-State
Control #:
US-OG-776
Format:
Word; 
Rich Text
Instant download

Description

This form is used to promote conservation, increase the ultimate recovery of Unitized Substances of the specified lands and to protect the rights of the owners, it is deemed necessary and desirable to enter this Agreement, in conformity with (Applicable State Statute), to unitize the oil and gas rights in the Unitized Formation in order to conduct Unit operations for the conservation and utilization of Unitized Substances as provided in this Agreement.

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FAQ

Rhode Island Civil Statute of Limitations: At a Glance The state of Rhode Island imposes a three-year limit for personal injury, professional malpractice (including medical), and product liability. Fraud and injury to property all carry a 10-year limit.

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.

Rhode Island law provides that an action for breach of any contract for sale must be commenced within four years after the cause of action accrues. R.I. Gen. Laws § 6A-2-725(1) (1999).

Defining Defamation in Rhode Island R.I.G.L § 9-1-14 states: ?(a) Actions for words spoken shall be commenced and sued within one year next after the words spoken (b) Actions for injuries to the person shall be commenced and sued within three (3) years next after the cause of action shall accrue, and not after.?

Generally, the Rhode Island contract statute of limitations for breach of contract actions is ten (10) years, with the ten-year period starting to run when the breach of contract occurs. R.I.G.L. § 9-1-13.

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Rhode Island Unitization Agreement