Gas and oil leases now proliferate in Pennsylvania and other states. As a result it is crucial that when drafting a gas or oil lease that the attorney be prepared for any eventuality that can occur. This includes the possibility that a contract counterpart or an interest partner in a gas or oil lease will declare bankruptcy. This course, recorded during a Call-In CLE, brought to you by PBI and Mitchell Ayer of the Houston firm of Thompson & Knight, will tell you the top 10 things you need to know to make sure your clients` interests are protected.
By attending this seminar:
You will learn how to protect your client if another party to the contract declares bankruptcy
Find out what to do if an interest party files for bankruptcy
Learn about royalty ownership concerns
Obtain drafting tips for lease provisions necessary to protect your client
Don`t allow your gas and oil clients to be unprotected in this rapidly growing area of the law.
