Many companies in Florida and across the nation have entered into a business relationship with another party at some point. When this occurs, each side may sign a contract that dictates the agreed upon terms of service. Should either party feel as though the other doesn’t hold up its end of the agreement, litigation may ensue. Contract disputes can often be highly contested issues.
Enterprise Products Partners recently appealed a judgment over an alleged contract dispute, and it was reportedly overturned. Energy Transfer Partners was formerly awarded over $500 million after claiming Enterprise had backed out of an agreement concerning a pipeline. Had the decision not been reversed, the amount could would have surpassed $600 million after interest.
Energy Transfer claims that the two companies had a binding agreement in place, and that the other party violated the deal in favor of other business ventures. Energy Transfer alleges that Enterprise approached the company with talks of ending the agreement, and backed out anyway when it refused. Enterprise, however, claims that the agreement was only in the initial stages and was never finalized, and thus was not binding.
When a business feels as though another party has violated the terms of a contract, it may wish to pursue legal recourse. Since contract disputes can be exceedingly complex matters, those who face a similar situation may find it advisable to seek assistance in navigating the process. By speaking with an attorney, a client in Florida could obtain advice and assistance on pursuing the most favorable outcome possible during legal proceedings.
Source: chron.com, “Enterprise wins appeal in contract dispute between pipeline giants“, Jordan Blum, July 19, 2017