04Aug
Email Exchange Insufficient to Create Binding Contract
In Chalker Energy Partners III, LLC v. Le Norman Operating LLC, the Texas Supreme Court analyzed an email exchange between the sellers’ agent and a bidder to determine if a contract had been formed. Chalker involved 18 sellers, including Chalker Energy Partners III, LLC (“Chalker”) as the sellers’ designated agent handling the auction and sale process for 70 oil and gas leases in the Texas Panhandle worth over $300 million (the “Assets”)....
By:
Gray Reed
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