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§ 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

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.

2000, cc. 101, 996.

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