Section 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.Tex. Bus. and Comm. Code § 254.001
Added by Acts 2007, 80th Leg., R.S., Ch. 885, Sec. 2.01, eff. 4/1/2009.