This is a follow-up to my previous article entitled “Other Important Deadlines to Calendar in Texas.” In that article, I noted under the section entitled “Designation of Responsible Third Party” that House Bill 274 was pending before the Texas Legislature and its passing could modify the designation of a Responsible Third Party (“RTP”). The Texas [...]
In many business and real estate transactions, large and small, it is common for the parties to sign a letter of intent (also taking the form of a memorandum of understanding or term sheet) to outline the key terms of their anticipated transaction prior to the negotiation and drafting of a final, definitive agreement. A [...]
Texas law generally allows a party to recover attorney’s fees from his adversary only when a contract or statute permits it. Even then, many considerations factor into a fee award, such as the very wording of the fee provision in a contract. For example, the form sales contracts promulgated by the Texas Real Estate Commission [...]