Two people holding onto a contract

SHALE Oil & Gas Business Magazine

In an article published in SHALE Oil & Gas Business Magazine on July 23, 2021, Benjamin Larson and James Killean discuss best practices for oil and gas companies in contract formation and implementation.

Throughout the article, they urge readers to dedicate time to the formation and implementation of contracts, as it can help companies avoid common pitfalls. Best practices include avoiding “boilerplate” clauses and ambiguity in language, paying attention to force majeure clauses and having your legal counsel review the contracts.

“Spending a little time and money on the front-end to focus on contract formation and implementation can go a long way toward avoiding significant and unexpected financial consequences. Having an attorney review your contracts may be the most cost-effective insurance you can buy for your oil and gas business.”

For the full article, you may click here.