Breach of Contract & Master Service Agreement Attorney
At the end of the day, the goal of every oil and gas drilling operation
is to turn a profit. Whether you are a mineral rights owner looking to
obtain royalties or an oil company looking to obtain revenue from oil
and gas transactions, the industry can be a highly lucrative. Although
the earnings can be highly covetable, the oil and gas industry can also
be a complicated field of work. That is why the Texas oil and gas law
Herring Law Firm is here to help.
What Is a Master Service Agreement?
Master service agreements (MSAs) are contractual relationships between
specific parties. MSAs can establish terms of agreement that relate to
ongoing work, exploration, drilling, production, or service. In most oil
and gas operations, there are multiple workers, drillers, property owners,
and employees working on a specific property. Each party may be working
toward their own objectives simultaneously. Because operations can change
rapidly, entering into an MSA will be important to protect the rights
of all parties involved in the agreement.
Entering into an MSA can be ideal for many reasons because an MSA can perform
the following functions, among others:
- Permits parties to quickly negotiate future transactions or agreements
- Allows parties to quickly negotiate agreement-specific terms
- Enables parties to go without renegotiating terms or conditions multiple times
- Mitigates conflict and helps parties carefully plan risk-allocation strategies
Take Action After Your Rights Have Been Violated
Because parties are obligated to uphold the terms of an MSA, disputes can
arise on both sides of the contract. Conflict generally tends to happen
on small work sites with multiple employers that have differing operation
opinions or management philosophies. From minor disagreements to full-scale
lawsuits, a Texas breach of contract lawyer from Herring Law Firm can
be retained to help mediate or litigate the dispute.
Common disputes that the firm can address through litigation include the
- Term limits
- Defect or failure to provide services
- Modifications and negotiations
- Failure to provide adequate information needed for performance
- Disagreements over translation of terms in a contract
The firm can help you, your employees, or your lessors come to an agreement
for a mutually workable solution. If you believe that a violation is taking
place in your oil and gas contract, do not hesitate to bring it to the
attention of a legal professional at Herring Law Firm.
Aggressive Advocacy Can Be Yours When You Retain Herring Law Firm!
Oil and gas law issues are incredibly complex, which is why Herring Law Firm is the firm
you should call when you find yourself in the midst of a master service
agreement dispute or other breach of contract conflict. A breach of contract
could mean significant financial losses for you, but by contacting the
firm, you can trust that your lawyer is working to secure the best possible
case results on your behalf.