TARRANT COUNTY HOSPITAL DISTRICT; AUTHORITY TO SELL OR LICENSE INTELLECTUAL PROPERTY

(a) The Tarrant 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. (b) 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). (c) Information prepared or compiled by or for the Tarrant 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.