Beginning a pipeline ROW discusion. The company (Bluegrass) wants me to warrant the title. Is this necessary and just how important is this to me?
Tags:
Absolutely Not !
Do not warrant the title, that is their job to properly research the title if they want to cross that parcel.
If you warrant the title and 10 or 20 yrs later someone proves they have a legit claim, you could be forced to pay them all of the monies from this contract. Maybe even with interest or additional damages such as legal costs.
Since they are trying this trick, also be sure that they indemnify you in total. Indemnification means that they must not only insure you for potential damages but also cover any legal costs you may incur for any damages resulting from any of their actions.
© 2024 Created by Keith Mauck (Site Publisher). Powered by
h2 | h2 | h2 |
---|---|---|
AboutWhat makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen. [ Read More ] |
Links |
Copyright © 2017 GoMarcellusShale.com