Started By
Message

re: I have someone trying to pitch me on Solar Farms...

Posted on 9/14/22 at 12:11 pm to
Posted by DeCat ODahouse
Premium Member
Member since Jan 2017
1399 posts
Posted on 9/14/22 at 12:11 pm to
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 by White Bear
Yonnygo
Member since Jul 2014
14973 posts
Posted on 11/8/23 at 8:50 pm to
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 insigh
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.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram