Partnership Agreement Pre-Nup

Since 2014, Energy Transfer Partners LP (“ETP”) has been fighting to hold on to the $535 million judgment it obtained that year against Enterprise Products Partners (“Enterprise”).  Our blog post earlier this year analyzed ETP’s efforts to persuade the Dallas Court of Appeals that ETP and Enterprise, two sophisticated companies in the energy industry, had entered into an unwritten partnership agreement, or as Enterprise referred to it on appeal—a partnership by ambush in disregard of the parties’ written agreements.  
Continue Reading Ducks Don’t Walk, Talk or Sign Partnership Agreements: Dallas Court of Appeals Reverses $535 Million Verdict for ETP