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.