Pennsylvania HB671 mandates plain language in oil and gas real property contracts, notarization, and provides remedies and penalties for.
Pennsylvania HB671, known as the Plain Language Oil and Gas Real Property Contract Act, requires oil and gas real property contracts to be written in plain language, easy to read and understand. The contracts must be signed by the landowner in the presence of a notary public, and both the landowner and the buyer or lessee must receive a notarized copy. The act outlines specific language and visual guidelines for contract readability, including the use of short words, sentences, and paragraphs, and avoiding technical legal terms.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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