Midstream Oil & Gas Agreements: Change in Law Clause | Practical Law

Midstream Oil & Gas Agreements: Change in Law Clause | Practical Law

A Standard Clause for midstream agreements that defines change in law, sets its scope and effects, and allocates the risk of change in law between the midstream company and the customer. This Standard Clause addresses changes in laws and regulations (including regarding taxes and greenhouse gases) that result in costs, expenses, or other economic burden on the midstream company (or the customer) or have a material adverse effect on the performance of the agreement or economic position, rights, or benefits of the midstream company (or the customer). This Standard Clause has integrated notes with important explanations and drafting and negotiating tips for midstream service providers and customers.

Midstream Oil & Gas Agreements: Change in Law Clause

Practical Law Standard Clauses w-042-1938 (Approx. 14 pages)

Midstream Oil & Gas Agreements: Change in Law Clause

by Practical Law Oil & Gas
A Standard Clause for midstream agreements that defines change in law, sets its scope and effects, and allocates the risk of change in law between the midstream company and the customer. This Standard Clause addresses changes in laws and regulations (including regarding taxes and greenhouse gases) that result in costs, expenses, or other economic burden on the midstream company (or the customer) or have a material adverse effect on the performance of the agreement or economic position, rights, or benefits of the midstream company (or the customer). This Standard Clause has integrated notes with important explanations and drafting and negotiating tips for midstream service providers and customers.