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re: I have someone trying to pitch me on Solar Farms...
Posted on 9/14/22 at 12:11 pm to Chingon Ag
Posted on 9/14/22 at 12:11 pm to Chingon Ag
quote:
has been very beneficial to my clients and future removal and remediation language is a must in these agreements.
If the company goes bankrupt how can this be assured?
Not arguing, asking. Appreciate the legal insight.
Also, even if the taxpayers will ultimately wind up remediating any sites that are despoiled by equipment/contamination left by a bankrupt company, you have to envision that the litigation will take years.
What about the opportunity cost while the landowner/heirs wait?
Shouldn't the landowner ask if the company is wiling to put up a significant amount of money in escrow account for remediation?
Again, not a lawyer and may not have terminology right.
In fact, this thread underlines how many complex out comes there are. And that no layperson could possibly think a ready-made contract could logically be in their land's best benefit.
Posted on 11/8/23 at 8:50 pm to DeCat ODahouse
quote:Spot on. It can’t be enforced or assured and the clauses aren’t worth the ink used to write them if and when you need to go to battle. Think of all the orphan oil wells around jake leg companies walk away from with a simple entity name change in some instances with zero consequences.
has been very beneficial to my clients and future removal and remediation language is a must in these agreements. If the company goes bankrupt how can this be assured? Not arguing, asking. Appreciate the legal insigh
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