Sep 25, 2016 | By Robert Wood | Read Time: 2 minutes | #Settlement Agreements

Fraudulent Inducement & Settlement Agreements Under Texas Law

Settlement Agreements: Fraudulent Inducement and the Duty to Read Your Contract Settlement agreements are contracts. They impose binding obligations on both parties. Consider the following example:  Employer sues ex-employee for breach of non-compete. Employee files a counterclaim for unpaid sales commissions. Eventually, the two parties sign a settlement agreement. As part of the settlement agreement, the parties agree to release all...

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Jul 8, 2014 | By Robert Wood | Read Time: 2 minutes | #Settlement Agreements

To Be Enforceable, Settlement Agreements in Texas Must Be Carefully Worded

A recent Texas appellate decision demonstrates the importance of ensuring that settlement agreements are properly worded. In the case, three employees of Company A left and formed Company B. Company A sued the former employees, as well as Company B, for misappropriation of trade secrets and unfair competition. As often happens in unfair competition cases, the parties entered into...

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