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Expert Analysis

Reconsidering The Comfort Of Standard Form Oil Contracts

Law360, New York (June 22, 2015, 11:09 AM EDT) -- The use of standard form contracts is widespread in the international oil and gas industry. Such contracts are popularly presumed to be fair, balanced and representative of the interests of all industry participants. The drilling business is no different, with standard form contracts promulgated by LOGIC and the International Association of Drilling Contractors....

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