Texas Business And Commerce Code Title 4, Chapter 52 - Invention Development Services

SUBCHAPTER A GENERAL PROVISIONS

• Texas Section 52.001 - Short Title
  This chapter may be cited as the Regulation of Invention Development Services Act. Amended by: Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec....
• Texas Section 52.002 - Definitions
  In this chapter: (1) "Customer" means: (A) an individual who enters into a contract with an invention developer for invention development services; or (B) a...
• Texas Section 52.003 - Applicability Of Chapter To Contract For Invention Development Services
  This chapter applies to each contract under which an invention developer agrees to perform invention development services for a customer. Amended by: Acts 2007, 80th...

SUBCHAPTER B FINANCIAL REQUIREMENTS OF INVENTION DEVELOPERS

• Texas Section 52.004 - Waiver By Customer Prohibited
  A waiver by a customer of a provision of this chapter is void. Amended by: Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec....
• Texas Section 52.051 - Bond Required
  (a) Except as provided by Section 52.053, an invention developer performing or offering to perform invention development services in this state shall maintain a bond...
• Texas Section 52.052 - Beneficiary Of Bond; Claim Against Bond
  (a) The bond required by Section 52.051 must be: (1) in favor of this state; and (2) for the benefit of any person who, after...

SUBCHAPTER C INVENTION DEVELOPMENT SERVICES CONTRACT

• Texas Section 52.053 - Cash Deposit Instead Of Bond
  Instead of furnishing the bond required by Section 52.051, the invention developer may provide for, in an amount equal to the amount of the bond...
• Texas Section 52.101 - Written Contract Required; Customer Copy
  (a) A contract for invention development services must be in writing. (b) The invention developer shall give a copy of the contract to the customer...
• Texas Section 52.102 - Mandatory Contract Terms
  (a) A contract for invention development services must contain in boldfaced type of not less than 10-point size: (1) the payment terms; (2) the contract...
• Texas Section 52.103 - Multiple Contracts
  If it is the invention developer's normal practice to seek more than one contract in connection with an invention or if the invention developer normally...
• Texas Section 52.104 - Payment For Services; Option To Terminate Contract
  (a) For purposes of this section, delivery of a promissory note, bill of exchange, or negotiable instrument of any kind to the invention developer or...
• Texas Section 52.105 - Cover Notice Required
  (a) A contract for invention development services must have attached a conspicuous and legible cover sheet that contains: (1) the name, home address, office address,...

SUBCHAPTER D ENFORCEMENT

• Texas Section 52.106 - Quarterly Reports To Customer Required
  At least once each calendar quarter during the term of a contract for invention development services, the invention developer shall deliver to the customer at...
• Texas Section 52.151 - Contract Voidable
  A contract for invention development services is voidable at the option of the customer if the contract: (1) does not substantially comply with this chapter;...
• Texas Section 52.152 - Private Cause Of Action
  (a) This section applies only to a customer who is injured by an invention developer's: (1) violation of this chapter; (2) false or fraudulent statement,...
• Texas Section 52.153 - Deceptive Trade Practice
  The following acts, omissions, or failures by an invention developer constitute a deceptive trade practice under Chapter 17: (1) a violation of this chapter; (2)...
• Texas Section 52.154 - Mutually Exclusive Remedies
  Remedies available under Sections 52.152 and 52.153 are mutually exclusive. Amended by: Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April...
• Texas Section 52.155 - Presumption Of Injury
  For purposes of Sections 52.152 and 52.153, a rebuttable presumption of injury is established by: (1) a substantial violation of this chapter by an invention...
• Texas Section 52.156 - Enforcement By Attorney General
  (a) The attorney general shall enforce this chapter. (b) The attorney general may: (1) recover a civil penalty not to exceed $2,000 for each violation...
• Texas Section 52.157 - Application Of Other Laws
  This chapter does not nullify or limit any obligation, right, or remedy that is applicable or available under the law of this state. Amended by:...

Last modified: September 28, 2016