THE ICON AT NORMAN APTS, LP V. DOUGLAS WARR, CLEVELAND CNTY. ASSRS. (OKLA SUP CT. JUNE 2025)
MONDARA CONDOS. ASS'N V. STILLWATER ABBOTT DEV., LLC (TEXAS N. BANKR. CT., JUNE 2025)
PAMPALONE V. LONGORIA, INDIANA CT. APP. JUNE 2025
In today’s fast-moving real estate market, it may be tempting to rely on standardized “form” contracts to quickly move deals along. However, at Rieger Sadler Joyce LLC, we regularly see the hidden risks and consequences that come from using cookie-cutter forms in transactions that are anything but typical.
During the 2023 legislative session, the Oklahoma Legislature passed Senate Bill 212 which amended 60 Okla. Stat. §121 to require that all deeds filed with a county clerk in Oklahoma must include an affidavit executed by the grantee attesting that they are taking title in compliance with the state laws on foreign ownership of land. These laws require that the grantee is either a U.S. Citizen, a Native American born in the United States, an alien, or a person who is not a U.S. citizen, but who is or may become a bona fide resident of Oklahoma, or a business entity or trust which is similarly either owned by U.S. citizens or aliens who are or may become bona fide residents of Oklahoma.
One of my favorite things I get to do here at Rieger Law Group is to assist individuals in making their dreams a reality. The area where this is most present is assisting in forming new businesses and aiding existing businesses with their corporate structure and operations. Regardless of whether you are an entrepreneur working on your first business venture or an established corporation, you will experience a major shift in federal oversight and regulation in 2024 due to the recently enacted Corporate Transparency Act.
A lien is a charge imposed upon specific property securing the performance of an act, such as the payment of money. The right to file a lien arises by (1) contract, i.e., the parties agree that one of the parties may file a lien to secure a debt owed by the other party, or (2) by operation of law (e.g., by right conferred by statute).
Buying property can be a gamble for purchasers that rush to the closing table as quickly as possible. However, if a buyer allocates adequate time to investigate the property, that buyer is able to mitigate the potential for risk, become more familiar with the entitlements of the property, and make an educated decision as to whether the property is worth the negotiated purchase price. Below is a list of items that should be carefully reviewed before a buyer becomes contractually obligated to proceed to closing:
When considering provisions to include in a contract, most people automatically include the major deal points such as purchase price, inspections, and closing procedures. However, almost equally as important are those sections at the bottom of almost every good contract which protect the contracting parties if things go wrong throughout the term of the contract.
As many Oklahoma employers are aware, Oklahoma has generally banned the use of non-compete agreements with employees and independent contractors, with limited exceptions for non-solicit and non-disclosure agreements, and those non-compete agreements associated with the dissolution or sale of a business.
NORMAN: 136 Thompson Drive, Norman, OK 73069
OKLAHOMA CITY: 301 NW 13th Street Suite 202, Oklahoma City, OK 73103
405-310-5274
jmoon@rsjattorneys.com