Sec. 172.004. COMMERCIAL AGREEMENT    


Latest version.
  • An arbitration or conciliation agreement is commercial if it arises out of a relationship of a commercial nature, including:

    (1) a transaction for the supply or exchange of goods or services;

    (2) a distribution agreement;

    (3) a commercial representation or agency;

    (4) an exploitation agreement or concession;

    (5) a joint venture or other related form of industrial or business cooperation;

    (6) the carriage of goods or passengers by air, sea, rail, or road;

    (7) a relationship involving:

    (A) construction;

    (B) insurance;

    (C) licensing;

    (D) factoring;

    (E) leasing;

    (F) consulting;

    (G) engineering;

    (H) financing;

    (I) banking;

    (J) professional services; or

    (K) intellectual or industrial property, including trademarks, patents, copyrights, and software programs; or

    (8) the transfer of data or technology.

Added by Acts 1989, 71st Leg., ch. 109, Sec. 1, eff. Sept. 1, 1989. Redesignated from Vernon's Ann.Civ.St. art. 249-4 and amended by Acts 1995, 74th Leg., ch. 588, Sec. 1, eff. Sept. 1, 1995. Amended by Acts 1997, 75th Leg., ch. 165, Sec. 5.02, eff. Sept. 1, 1997.