Oil and Gas Leases: “Substantial Compliance” May Not be Enough

A recent Ohio state appellate case underscores the importance of consulting counsel in the governing jurisdiction when drafting, interpreting, or litigating energy contracts. It is critical to understand the nuance of an applicable law because jurisdictions differ not only in the letter of the law, but also in the way any particular law is interpreted by the pertinent governing bodies – federal and state courts and regulatory bodies.

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By Vorys.