Financing arrangements; effect on licensor's rights
Known as the Uniform Computer Information Transactions Act
The act spans §§ 59.1-501.1 to 59.1-509.2 (121 sections).
2000, cc. 101, 996.
(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.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.