Name
Implied Duties Under Oil and Gas Leases
Date & Time
Friday, March 24, 2023, 3:00 PM - 4:00 PM
Speakers
Description
Implied covenants are obligations that are not expressly imposed by a contract, but which courts nevertheless find are binding on one or more parties to the contract.2 Courts in Louisiana, Texas, and other states routinely hold that oil and gas lessees are bound by several implied covenants. This paper begins by discussing the reason that implied covenants exist, then it reviews the various implied covenants that courts have recognized, as well as a number of issues that can arise in implied covenant disputes, such as the elements necessary to establish a breach of an implied covenant, defenses, and remedies that are available. The paper emphasizes Louisiana Texas law, but is not limited to it.
Session Type
Symposium
Speaker Invited?
Committee Member Assigned
Speaker Confirmed?
Yes
Topic Title?
From Speaker
Topic Description?
NO
Speaker Bio?
From Swoogo
Materials Submitted?
Rough Draft Only
Dinner RSVP
No