Annual report pursuant to Section 13 and 15(d)

Transaction with Related Parties

v3.8.0.1
Transaction with Related Parties
12 Months Ended
Dec. 31, 2017
Related Party Transactions [Abstract]  
Transaction with Related Parties
NOTE 4 — TRANSACTIONS WITH RELATED PARTIES
Accounts Receivable due from Related Parties
Tellurian’s accounts receivable due from related parties primarily consists of tax indemnities from employees who received share-based compensation.
Accounts Payable due to Related Parties
In December 2017, Tellurian and Martin Houston, a major shareholder and Vice Chairman of the Company, agreed to mutually discharge $0.3 million owed by Tellurian to entities partially owned by Mr. Houston.
Non-current Note Receivable due from Related Party
In July 2017, the $0.3 million non-current note receivable due from Mr. Houston was repaid in full, and the demand note evidencing the receivable was canceled.
Other
During the year ended December 31, 2017, the Company incurred $0.7 million in legal fees to a law firm for advice associated with a lawsuit that was settled in April 2017. A member of our board of directors is a partner at such law firm.