Breach of Fiduciary Duty
in TX Oil & Gas Contracts
Confident & Results-Driven Advocacy in Texas
As a business professional working in the energy sector in the state of
Texas, you know the importance of retaining strong legal representation
to protect your interests should you face a legal issue involving fraud,
breach of contract, fiduciary duty breach, or some other issue.
Herring Law Firm, the hardworking Houston oil and gas lawyer understands how to shield
your rights and advance your interests in a business dispute. The firm
serves clients with experience, ability, and relentless advocacy. Their
first priority is your well-being. Learn more about how the attorney at
Herring Law Firm is prepared to pursue justice in a case involving breach
of fiduciary duty.
Fiduciary Duties & Your Rights in Texas
In any situation in which one individual is entrusted with the money or
other real property of another individual, a fiduciary duty has been established.
This relationship is governed by state and federal laws and is often considered
the strictest duty of care recognized by the government.
Three of the most common duties – in relation to oil and gas companies
– a principal may entrust his or her fiduciary with include:
Duty to Develop: The fiduciary is entrusted to ensure the land on which drilling may be
taking place is developed properly and in accordance with both state laws
and business regulations.
Duty to Protect Against Drainage: If a reservoir is subject to drainage from another company or property
owner, the principal's rights may have been violated. It is the duty
of the fiduciary to protect, to the best of his or her ability, against
Duty to Market: The fiduciary is entrusted by the principal to always market the company
and its actions responsibly and professionally. This duty goes hand-in-hand
with the underlying idea that a fiduciary must always act with the principal's
best interests in mind.
Should a fiduciary abuse this position of trust and privilege, he or she
is exposed to the possibility of legal action. The TX oil and gas attorney
at Herring Law Firm can handle disputes involving:
- Fiduciary breaches by business partners
- Fiduciary duty claims over oil and gas exploration
- Breach of contract involving oil and gas investment, development, or production
If you believe that you may have a breach of fiduciary duty claim,
contact Herring Law Firm to discuss your case. You could be entitled to compensatory damages for
out-of-pocket expenses, loss of profit, mental anguish, and more, in addition
to potential punitive damages.
Experienced Representation on Your Side
Doing business in the oil and gas industry can be incredibly lucrative
but also can carry serious risks. Each Houston Oil and Gas Lawyer at Herring
Law Firm is a skilled litigator with years of hardline courtroom experience.
The firm is confident in it's ability to protect your interests aggressively
and effectively regardless of the level of complexity inherent in your case.
Negotiating and litigating issues involving oil and gas law requires highly
concentrated knowledge in a complex area of business law. Most attorneys
are not sufficiently familiar with this practice area. Often, oil and
gas cases involve state laws, federal laws, and even international laws.
Attorney Mason Herring has the experience and legal familiarity necessary
to ensure your full confidence moving forward.
Call Herring Law Firm today for your free evaluation!
Contact Herring Law Firm today to schedule a free consultation with a skilled
and knowledgeable oil and gas attorney. The firm is committed to preserving
your rights and advancing your business interests in the Texas energy
sector. Although Attorney Herring strives to help clients avoid litigation
as much as possible, he can be trusted to represent your best interests
aggressively and tenaciously if litigation proves to be necessary.
Call the firm's office to schedule a no-obligation and no-cost
leasehold evaluation today! Attorney Herring can meet with you in person or discuss your case
over the phone at your convenience. The firm is available to clients
24 hours a day, 7 days a week and never charges for client communication. Learn more by talking to a
client representative today.