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Title: Negotiating Transactional Environmental Risks
Author: Jeremy A. Gibson,
Source: American Gas Association 1994
Year Published: 1994
Abstract: When about to strike a business deal, a party often faces environmental unknowns because of unfamiliarity with the venture, party or property involved. For better or worse, there are few rules governing business transactions. The parties usually must decide what should be the breadth and depth of environmental terms. Their tools for negotiating a mutually-acceptable contract are closing conditions, representations and warranties, covenants and indemnities. Some contract issues are universal issues and others depend on whether a party is the Buyer, Seller, Lessor, Lessee, Lender and Borrower. Their concerns are illuminated by sample document provisions.

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