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Tennessee Business Litigation Lawyers Blog

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Important Recent Tennessee Case on Contract Interpretation and the Parol Evidence Rule

In early 2019, the Supreme Court of Tennessee issued an opinion that, without exaggeration, can be said to be one of the most important Tennessee cases, if not the most important Tennessee case, to contemporary commercial litigation lawyers on the subjects of contract interpretation and the parol evidence rule. The…

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The Tennessee Uniform Trade Secrets Act: Proving that the Information is Not Available Through Other Means

Under the Tennessee Uniform Trade Secrets Act (“TUTSA”), a party alleging a violation of that Act must first prove that the information at issue is a trade secret. To prove that information is a trade secret under TUTSA, a plaintiff must prove, among other things, that the information is not…

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Valuing the Membership Interest of an LLC Member Under Tennessee Law

A member of a Tennessee Limited Liability Company (“LLC”) may, at some point, lose his or her membership interest, either voluntarily or involuntarily.  An Operating Agreement of an LLC may have provisions which address the conditions under which a member’s interest may be terminated. If the LLC does not have…

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How Gifts Can Change the Division of Proceeds in Partition Cases

Under well-established Tennessee law regarding the partition of jointly owned real estate, there is a presumption that the proceeds of the sale of the property should be divided equally between the co-tenants (co-owners).  However, that is only a presumption and, quite often, the proceeds are not ultimately divided evenly because…

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