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Title: Elements Of Gas Contracts
Author: J. K. Welchon
Source: 1978 International School of Hydrocarbon Measurement
Year Published: 1978
Abstract: This discussion will be a general review of the elements that make up gas contracts. It is not intended to deal with the legal aspects of contracts, but instead, will discuss in a general way the various provisions commonly found in gas contracts. A dictionary defines a contract as an agreement, especially one that is legally enforceable, between two or more persons to do or not to do something. It follows that a gas contract is an agreement between parties which involves natural gas. The gas contracts that will be discussed are those involving the purchase or sale of natural gas.

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