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Code of Virginia (Last Updated:July 28, 2020) |
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TITLE 59.1. Trade and Commerce |
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CHAPTER 43. Uniform Computer Information Transactions Act |
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ARTICLE 5. Transfer of Interests and Rights |
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SECTION 59.1-505.11. Financing arrangements; effect on licensor's rights |
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(a) The creation of a financier's interest does not place any obligations on or alter the rights of a licensor. (b) A financier's interest does not attach to any intellectual property rights of the licensor unless the licensor expressly consents to such attachment in a license or another record. |