{"data":{"id":"us-tx/tex.-business-commerce-code-52.052","jurisdiction":"us-tx","citation":"Tex. Business \u0026 Commerce Code § 52.052","heading":"BENEFICIARY OF BOND; CLAIM AGAINST BOND.","body":"(a) The bond required by Section 52.051 must be:\n(1) in favor of this state; and\n(2) for the benefit of any person who, after entering into a contract for invention development services with the invention developer, is damaged by fraud, dishonesty, or failure to provide the invention developer's services in performance of the contract.\n(b) A person making a claim against the bond may bring an action against the invention developer and the surety. The aggregate liability of the surety to all persons for all breaches of conditions of the bond required by this section is limited to the amount of the bond.\nAmended by:\nActs 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.","path":["BUSINESS AND COMMERCE CODE","TITLE 4. BUSINESS OPPORTUNITIES AND AGREEMENTS","CHAPTER 52. INVENTION DEVELOPMENT SERVICES","SUBCHAPTER B. FINANCIAL REQUIREMENTS OF INVENTION DEVELOPERS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BC/htm/BC.52.htm#52.052","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:56Z","sha256":"576efb9864f7ff34fb4b1768c3bc3449d1fbcc2e1af8c8a3cfe0f315d5a5a9b2","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-commerce-code-52.051","next":"us-tx/tex.-business-commerce-code-52.053"},"notice":"GroundRules: Original legal text. Not legal advice."}