December 2015 Vol. 242, No. 12

Features

Accidental Partnership: From Potential Pipeline to Joint Venture Litigation

The briefing is now complete in a closely watched appeal of a landmark judgment issued last year in Energy Transfer Partners, L.P. v. Enterprise Products Partners L.P., in which a Texas jury concluded that, notwithstanding express contractual language disclaiming the formation of a partnership in connection with preliminary exploration of an oil pipeline project, the conduct of the parties could – and did in fact – establish a legally binding partnership. The jury’s verdict, which awarded plaintiff Energy Transfer Partners (ETP) over $500 million in compensation, left many industry players with Texas-sized heartburn over a potential surge in joint venture disputes and scr

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