15.020 – MAJOR TRANSACTIONS: SPECIFICATION OF VENUE BY
Texas Civil Practice and Remedies Code § 15.020
Summary
This law allows parties involved in major transactions, defined as those valued at $1 million or more, to specify the venue for legal disputes through mutual agreement. It excludes transactions primarily for personal or household purposes, as well as those related to personal injury claims.
Applies to transactions valued at $1 million or more.
Parties can agree on the venue for disputes.
Excludes personal or household transactions and injury claims.
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In simple terms: Learn about Texas's MAJOR TRANSACTIONS: SPECIFICATION OF VENUE BY law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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