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§ 59.1-502.7 Formation; releases of informational rights

a. A release is effective without consideration if it is:

1. in a record to which the releasing party agrees, such as by manifesting assent, and which identifies the informational rights released; or

2. enforceable under estoppel, implied license, or other law.

b. A release continues for the duration of the informational rights released if the release does not specify its duration and does not require affirmative performance after the grant of the release by:

1. the party granting the release; or

2. the party receiving the release, except for relatively insignificant acts.

History

This law was first created in 2000. The record of its establishment is cataloged in chapters 101 and 996 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. That modification is as follows: in 2004, chapter 794.

2000, cc. 101, 996; 2004, c. 794.

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