Posts Categorized: Blog

Terminating a Contract: I’ll Be Back? written by Andrew Clinton Terminating a contract, whether a lease, letter of intent, purchase and sale agreement, or employment contract, represents a potentially frustrating milestone in the negotiation process. Regardless of your position or whether you are the party seeking to terminate, the usual laundry list of questions centers… Read more »

Representations and Warranties: Negotiating a Guarantee That Works for You written by Kaysha Spoon The representation and warranty provisions of an MSA contain the basic guarantees concerning the goods or services to be exchanged and dictate what remedies are available if those goods or services are, or become, faulty. Strictly speaking, a representation guarantees certain… Read more »

What’s in Your Indemnity Provision? written by Kaysha Spoon The indemnity provision is one of any commercial contract’s most central and negotiated components. The purpose of indemnities is to allocate, in advance, the liability of the parties in the event of a claim, allowing a straightforward and quick resolution. Performing work without a meticulously crafted indemnity… Read more »

Should My MSA Indemnify Against Gross Negligence or Willful Misconduct? written by Matt Reynolds One of the primary goals of an indemnity provision is to avoid a drawn-out legal process and expedite the resolution of any loss or claim. In oilfield Master Service Agreements (“MSAs”), the industry standard indemnity is known as a “knock for-knock”… Read more »

Top 10 Must Haves for Your MSA written by Matt Reynolds Master Service Agreements (“MSAs”) are critical commercial contracts for any company that deals with various vendors on its projects.  An MSA is precisely as it sounds: a master agreement that governs the relationship between company and contractor, and it is supplemented from time to… Read more »

What is an Indemnity? written by Matt Reynolds As you grow your company, you must enter into various commercial contracts.  These can range from Office Leases to Consulting Agreements and Software Licenses to Master Service Agreements to secure the goods and services your business relies on.  One of the most important and often most daunting… Read more »

Pore Space Ownership: Ensuring Texas’ Poorly Worded Case Law Doesn’t Leave You in the Poor House written by Andrew Clinton Who owns the empty spaces in the soil beneath the ground? A seemingly contradictory concept in navigating the complexities of ensuring your ownership of…nothing. There has been much confusion in Texas concerning pore space ownership due… Read more »

Credit Where Credit is Due: Tax Incentives under 45Q written by Andrew Clinton In this article, we will provide an overview of the tax credit provided in the Internal Revenue Code Section 45Q, commonly referred to as the “45Q tax credit” or “45Q,” and the benefits provided therein for carbon capture, usage, and storage (“CCUS”)… Read more »

How the Inflation Reduction Act is Incentivizing CCUS Development written by Miranda Caballero This article will dive deeper into the Inflation Reduction Act and how the latest legislation incentivizes CCUS projects. If you’ve tuned in to our previous articles this month, RR&A provides the latest information on the advantages of CCUS projects so that your… Read more »