Texas Civil Practice and Remedies Code

§ 15.020 — MAJOR TRANSACTIONS: SPECIFICATION OF VENUE BY AGREEMENT

CP § 15.020Title 2. TRIAL, JUDGMENT, AND APPEAL · Part B. TRIAL MATTERS · Ch. 15. VENUE · Art. B. MANDATORY VENUE

Statute text

(a)In this section, "major transaction" means a transaction evidenced by a written agreement under which a person pays or receives, or is obligated to pay or entitled to receive, consideration with an aggregate stated value equal to or greater than $1 million. The term does not include a transaction entered into primarily for personal, family, or household purposes, or to settle a personal injury or wrongful death claim, without regard to the aggregate value.

(b)An action arising from a major transaction shall be brought in a county if the party against whom the action is brought has agreed in writing that a suit arising from the transaction may be brought in that county.

(c)Notwithstanding any other provision of this title, an action arising from a major transaction may not be brought in a county if:

(1)the party bringing the action has agreed in writing that an action arising from the transaction may not be brought in that county, and the action may be brought in another county of this state or in another jurisdiction; or

(2)the party bringing the action has agreed in writing that an action arising from the transaction must be brought in another county of this state or in another jurisdiction, and the action may be brought in that other county, under this section or otherwise, or in that other jurisdiction.

(d)This section does not apply to an action if:

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Legislative history

Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.10, eff. April 1, 2009. Acts 2025, 89th Leg., R.S., Ch. 427 (H.B. 2960), Sec. 3, eff. September 1, 2025.