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Operating Agreements Texas

Seyfarth Shaw LLP

Elimination of Fiduciary Duties Under Texas Law

Seyfarth Shaw LLP on

In response to recent controversial Delaware court decisions and increasing litigation risk, a growing number of companies are reincorporating in Texas or considering Texas as their jurisdiction of formation. To encourage...more

Hendershot Cowart P.C.

How to Buy Out Your LLC Partner in Texas: The Complete Legal Guide

Hendershot Cowart P.C. on

Problems with a partner? You’re not alone. Our law firm routinely fields calls from business owners seeking to remove a partner who is inactive, engaging in unethical or illegal behavior, or otherwise disrupting operations....more

Adams & Reese

Redefining Willful Misconduct: Texas Appellate Court Announces a New, Lower Standard

Adams & Reese on

In Apache Corp. v. Castex Offshore, Inc., the Texas Fourteenth District Court of Appeal announced that showing an oil-and-gas operator’s “willful misconduct” under an operating agreement’s exculpatory clause does not require...more

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