The thermotropic phase behavior of a liquid‐crystalline poly(ether ester) derived from 4′‐hydroxybiphenyl‐4‐carboxylic acid and two different spacer diols (2‐methyl‐1,3‐propanediol and R‐1,3‐butanediol) has been analyzed by differential scanning calorimetry, real time synchrotron X‐ray diffraction and solid‐state 13C NMR. It has been found that the polymer develops a smectic mesophase that presents order inside the layers. This mesophase has a slow rate of formation, in such a way that it is possible to obtain either an amorphous glass or a liquid‐crystalline glass. These two phases exhibit different and independent glass transition temperatures: 95 °C for the amorphous one and 85 °C for the mesophase. The diffractogram of this mesophase shows two clear diffractions in the wide‐angle region and a long spacing (of low intensity) in the small‐angle region. All those features are characteristic of a mesophase of intermediate order, presumably of the type SmI, in contrast to the low‐ordered SmCalt mesophase reported for the racemic polymer. Thus, the chirality of the spacer, which provides structural regularity, makes easier the packing of the chains, so that a more ordered mesophase is obtained. In addition, both the solid‐state 13C NMR line shapes and the value of $T_{1\rho }^H $ are practically the same for the quenched and the annealed samples, indicating that the “ordered” phase obtained by annealing is not a three‐dimensional crystal, thus confirming its assignment as mesophase, with a considerable degree of conformational disorder.magnified image