Beware of the Boilerplate
Legal agreements within the energy industry tend to be highly specialized and — depending on their purpose — can be quite complicated.
From a drafting perspective, however; I often find that the same care and attention is not paid to the ubiquitous “boilerplate” provisions as to the rest of the contract terms. This is a mistake. Whether reviewing or drafting a contract, it is more important to make sure that the boilerplate terms reflect the intent of the parties, do not conflict with other contract terms and adequately protect your interests.
By “boilerplate,” I am referring to the collection of legal terms that are usually found at the end of contract just prior to the signature block. It is not uncommon….Read MoreShare