When considering last year’s issues related to joint venture agreements, Texas courts continued their approach of generally following precedent and respecting the express terms of the relevant joint-venture agreements. In terms of precedent, when making decisions based on less than crystal clear statutes, Texas courts often took great care to examine the legislative history behind the relevant law. This Article is divided into five sections which highlight cases that discuss, respectively: (1) key terms of an operating agreement; (2) capacity to sue; (3) judicial dissolution; (4) indemnification.; and (5) charging orders against a limited liability company.
Excerpted from the SMU Annual Texas Survey. Read the full article here.
