Sec. 172.004. COMMERCIAL AGREEMENT. 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.