Texas Health and Safety Code 281.0518 – Dallas County Hospital District; Authority to Sell or License Intellectual Property
(a) The Dallas County Hospital District or a nonprofit corporation formed by the district may:
(1) sell or license technology or intellectual property that is owned by or licensed to the district or a nonprofit corporation formed by the district;
(2) enter into a contract to provide services related to technology or intellectual property sold or licensed under Subdivision (1);
(3) contract, collaborate, or enter into a joint venture or other agreement with a public or private entity to engage in an activity authorized under Subdivision (1) or (2); or
(4) take any other action necessary to protect or benefit from the exclusivity of technology and intellectual property owned by or licensed to the district or a nonprofit corporation formed by the district, including applying for, acquiring, registering, securing, holding, protecting, and renewing under applicable provisions of state, federal, or international law:
(A) a patent;
(B) a copyright;
(C) a trademark, service mark, collective mark, or certification mark; or
(D) any other form of protection of intellectual property provided by law.
(a-1) For purposes of Subsection (a)(3):
(1) a public or private entity may be a for-profit or a nonprofit entity; and
(2) a nonprofit corporation formed by the district may hold an ownership interest in a public or private entity described by Subsection (a)(3).
Terms Used In Texas Health and Safety Code 281.0518
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Property: means real and personal property. See Texas Government Code 311.005
(b) Information prepared or compiled by or for the Dallas County Hospital District or a nonprofit corporation formed by the district relating to the development of technology or intellectual property to which this section applies is exempt from public disclosure under Chapter 552, Government Code.