Face Challenges Confidently

PURCHASE AND SALE

Tuesday, September 1st, 2015
Richard F. Brown   The following is not a legal opinion.  You should consult your attorney if the case may be of significance to you.   Coe v. Chesapeake Exploration, L.L.C., 695 F.3d 311 (5th Cir. 2012), held that a purchase and sale agreement was a valid and binding contract under the statute of frauds […]

Tuesday, September 1st, 2015
Richard F. Brown   The following is not a legal opinion. You should consult your attorney if the case may be of some significance to you.  Esplanade Oil & Gas v. Templeton Energy, 889 F.2d 621 (5th Cir. 1989), construes the effect of a typical condition found in an agreement to sell producing properties. As […]

Monday, August 31st, 2015
Richard F. Brown   The following is not a legal opinion. You should consult your attorney if the case may be of significance to you.  Bright v. Johnson, 302 S.W.3d 483 (Tex. App.—Eastland 2009, no pet.), held that a reservation of minerals in a contract described as “All of Record” was a reservation of all […]

Monday, August 31st, 2015
Richard F. Brown The following is not a legal opinion. You should consult your attorney if the case may be of significance to you. Cornerstone Land, Ltd. v. Pierce, No. 10-10-00151-CV, 2010 WL 4243677 (Tex. App.— Waco Oct. 27, 2010, pet. denied) (mem. op.), held that, under the merger doctrine, a sales contract is not […]

Monday, August 31st, 2015
Richard F. Brown   The following is not a legal opinion. You should consult your attorney if the case may be of significance to you.   Preston Exploration Co. v. Chesapeake Energy Corp., 716 F. Supp. 2d 656 (S.D. Tex. 2010)held that for a Purchase and Sale Agreement (“PSA”) to be enforceable, the leases described […]

Monday, August 31st, 2015
Richard F. Brown   The following is not a legal opinion. You should consult your attorney if the case may be of significance to you.   Holland v. Thompson, 338 S.W.3d 586 (Tex. App.—El Paso 2010, pet. denied) held that the discovery rule did not toll the running of limitations on claims for fraud when […]