CODE OF VIRGINIA

FINANCING ARRANGEMENTS; EFFECT ON LICENSOR’S RIGHTS (§ 59.1-505.11)

(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.