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The plain, ordinary, and generally accepted meaning of a word doesn’t mean “anything goes”. It depends on context, says the Supreme Court of Texas in Finley Resources Inc. v. Headington Royalty Inc. , a dispute over the meaning of “predecessors”. For the underlying facts see our post on the court of appeals decision.
The release
The release in an acreage-swap agreement between Petro Canyon Energy and Headington said that “Headington [ releases, etc.] Petro Canyon and its affiliates and their respective officers, directors, shareholders, employees, agents, predecessors and representatives… [for all claims, etc.]… related in any way to the Loving County Tract.”
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