Chalker Energy Partners III, LLC v. Le Norman Operating LLC (Opinion)
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In this dispute over whether an email exchange reflected the meeting of minds required for a contract the Supreme Court reversed the judgment of the court of appeals reversing the trial court's grant of summary judgment in favor of the Sellers after concluding that the parties did not intend to be bound to any agreement, holding that, as a matter of law, the parties did not execute and deliver a definitive agreement.
The Sellers agreed to develop and sell certain assets worth hundreds of millions of dollars. The Sellers and Le Norman Operating LLC (LNO) exchanged a number of emails regarding the purchase of the assets, but the Sellers elected to sell the assets to another entity. LNO brought this breach of contract alleging that the Sellers breached an alleged contract entered into through the email exchange. The trial court granted summary judgment for the Sellers, concluding that there was no meeting of the minds. The court of appeals reversed, concluding that whether LNO and the Sellers intended to b abound by the terms set forth in the exchanged emails were fact issues precluding summary judgment. The Supreme Court reversed, holding that the emails did not constitute a definitive agreement.
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