Blogging on corporate and securities law issues affecting companies in North Texas and around the state. Exploring legal issues related to mergers and acquisitions, public offerings (including IPOs), private placements, venture capital, entity formation and corporate governance.
Wednesday, October 3, 2012
Stinky Restaurant Revisited
Today I saw a great presentation that Laura Elkind gave to the Corporate Counsel Section of the Tarrant County Bar Association titled "Disclaimer of Reliance in Settlement Agreements, Leases and Other Contracts." The presentation stressed the importance of disclaimers of reliance in contracts as a result of the 2011 Texas Supreme Court case of Italian Cowboy vs. Prudential (a/k/a the Stinky Restaurant case). I previous wrote about this case here. Besides being a very important case under Texas contract law, the Stinky Restaurant case also involves a very interesting set of facts (including "ungodly" smells!). You can read the Court's opinion here.
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