Hi There,
We are about to enter into a contract to have a new well drilled and, after reading the contract I'm wondering if this is a standard type of contract that well drillers have people sign.
The following are the items I am wondering about:
Should the contractor not have insurance to cover these things?
Thanks for any help you can give me with this.
We are about to enter into a contract to have a new well drilled and, after reading the contract I'm wondering if this is a standard type of contract that well drillers have people sign.
The following are the items I am wondering about:
The Purchaser:6. Hereby agrees that during well construction activities should a flowing well situation occur, all costs incurred to attempt to bring the well under control or damage to any property as a result of discharge from said flowing well, will be the sole responsibility of the Owner.
7. All towing charges are Purchaser's responsibility, including damages as a result thereof to contractor's vehicles.
Should the contractor not have insurance to cover these things?
Thanks for any help you can give me with this.