§ 59.1-505.11

Financing arrangements; effect on licensor’s rights

(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.

History

2000, cc. 101, 996.

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