The drastic decline in oiL and gas prices is putting great stress on commercial ventures in the oil and gas industry, increasing the possibility that such ventures could fail, and creating anxiety for stakeholders who need to protect their financial interests. In this environment, it is critical for partners to have an understanding of their rights and the steps they can take to protect their interests and maintain leverage in the event that their relationships with their venture partners sour. This is particularly crucial for minority partners who do not have control of the venture's finances.
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