Texas § 254.001 IDENTIFICATION OF PATENT RIGHT.

Texas Statutes

§ 254.001 — IDENTIFICATION OF PATENT RIGHT.

Texas § 254.001

Code BCBusiness & Commerce Code

This text of Texas § 254.001 (IDENTIFICATION OF PATENT RIGHT.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Business & Commerce Code Code Ann. § 254.001 (2026).

Text

Sec. 254.001. IDENTIFICATION OF PATENT RIGHT.

(a)A note or lien evidencing or securing the purchase price for a patent right or patent right territory must contain on the face of the note or lien a statement that the note or lien was given for a patent right or patent right territory.

(b)The statement required by Subsection (a):

(1)is notice to a subsequent purchaser of the note or lien of all equities between the original parties to the note or lien; and

(2)subjects a subsequent holder of the note or lien to all defenses available against the original parties to the note or lien.

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Sec. 254.001. IDENTIFICATION OF PATENT RIGHT. (a) A note or lien evidencing or securing the purchase price for a patent right or patent right territory must contain on the face of the note or lien a statement that the note or lien was given for a patent right or patent right territory.
(b) The statement required by Subsection (a):
(1) is notice to a subsequent purchaser of the note or lien of all equities between the original parties to the note or lien; and
(2) subjects a subsequent holder of the note or lien to all defenses available against the original parties to the note or lien.

Legislative History

Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278 ), Sec. 2.01, eff. April 1, 2009.

Nearby Sections

2

§ 254.001

IDENTIFICATION OF PATENT RIGHT.

§ 254.002

FAILURE TO IDENTIFY PATENT RIGHT; CRIMINAL PENALTY.

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Texas § 254.001, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/254.001.