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The Non-Binding Agreement – Louisiana Edition

By Charles Sartain on July 15, 2014
Posted in Contract Disputes, Lease Disputes

Co-author Brooke Sizer

I say, “Let’s go down to the crab shack for some seafood”.  You say, “I agree, we’ll go to a steakhouse for a big, juicy slab of cow”.  Am I obligated to join you to split a 32 ounce Porterhouse with three sides and a Cabernet with a 94 rating?

No.  In…

“Gotcha. I have a contract!”

By Charles Sartain on April 17, 2012
Posted in Lease Disputes

So said the lessor-plaintiffs in Walker v. Chesapeake Louisiana, L.P. The lessee-defendant, the trial court, and the court of appeals said “Yes, but . . .”. The lessors accused the lessee of breaching six leases and sought cancellation. The court invoked the doctrine of “judicial control” that allows a court to avoid cancellation when equity…

More Title Work Needed? The PSA is Still Enforceable

By Charles Sartain on March 15, 2012
Posted in Purchase and Sale Agreements

Maybe you’ve been there.  All signals are “go” for closing on your PSA.  Then the buyer chooses not to complete  the transaction.  What to do? A question your lawyer will think about when asked to enforce a purchase and sale agreement: Does it describe the property well enough to comply with the statute of frauds? …

About Charles Sartain

I have been helping clients of all types resolve their commercial disputes for most of my 35 years as a lawyer. Of the many industries in which I have worked, the energy business is the most fascinating…More

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