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Texas Civil Practice and Remedies Code

§ 127.002 — FINDINGS; CERTAIN AGREEMENTS AGAINST PUBLIC POLICY

CP § 127.002Title 6. MISCELLANEOUS PROVISIONS · Ch. 127. INDEMNITY PROVISIONS IN CERTAIN MINERAL AGREEMENTS

Statute text

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(a)The legislature finds that an inequity is fostered on certain contractors by the indemnity provisions in certain agreements pertaining to wells for oil, gas, or water or to mines for other minerals.
(b)Certain agreements that provide for indemnification of a negligent indemnitee are against the public policy of this state.
(c)The legislature finds that joint operating agreement provisions for the sharing of costs or losses arising from joint activities, including costs or losses attributable to the negligent acts or omissions of any party conducting the joint activity:
(1)are commonly understood, accepted, and desired by the parties to joint operating agreements;
(2)encourage mineral development;
(3)are not against the public policy of this state; and

Legislative history

Acts 1985, 69th Leg., ch. 959, Sec. 1, eff. Sept. 1, 1985. Amended by Acts 1991, 72nd Leg., ch. 36, Sec. 2, eff. April 19, 1991.

Source: Texas Civil Practice and Remedies Code § 127.002 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.