{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/59.1-505.4.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/59.1-505.4.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/59.1-505.4.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/59.1-505.4.html"}],"law_id":57535,"edition_id":1,"section_id":57535,"structure_id":15099,"section_number":"59.1-505.4","catch_line":"Effect of transfer of contractual interest","history":"2000, cc. 101, 996.","full_text":"a\n\nA transfer of “the contract” or of “all my rights under the contract,” or a transfer in similar general terms, is a transfer of all contractual interests under the contract. Whether the transfer is effective is determined by §§ 59.1-505.3 and 59.1-505.8 (a) (1) (B).b\n\nThe following rules apply to a transfer of a party’s contractual interests:1\n\nThe transferee is subject to all contractual use terms.2\n\nUnless the language or circumstances otherwise indicate, as in a transfer as security, the transfer delegates the duties of the transferor and transfers its rights.3\n\nAcceptance of the transfer is a promise by the transferee to perform the delegated duties. The promise is enforceable by the transferor and any other party to the original contract.4\n\nThe transfer does not relieve the transferor of any duty to perform, or of liability for breach of contract, unless the other party to the original contract agrees that the transfer has that effect.c\n\nA party to the original contract, other than the transferor, may treat a transfer that conveys a right or duty of performance without its consent as creating reasonable grounds for insecurity and, without prejudice to the party’s rights against the transferor, may demand assurances from the transferee under § 59.1-507.8.","order_by":null,"text":{"0":{"id":210790,"text":"A transfer of “the contract” or of “all my rights under the contract,” or a transfer in similar general terms, is a transfer of all contractual interests under the contract. Whether the transfer is effective is determined by §§ 59.1-505.3 and 59.1-505.8 (a) (1) (B).","type":"section","prefixes":["a"],"prefix":"a","entire_prefix":"a","prefix_anchor":"a","level":1,"next_prefix":"b"},"1":{"id":210791,"text":"The following rules apply to a transfer of a party’s contractual interests:","type":"section","prefixes":["b"],"prefix":"b","entire_prefix":"b","prefix_anchor":"b","level":1,"prior_prefix":"a","next_prefix":"b1"},"2":{"id":210792,"text":"The transferee is subject to all contractual use terms.","type":"section","prefixes":["b","1"],"prefix":"1","entire_prefix":"b1","prefix_anchor":"b1","level":2,"prior_prefix":"b","next_prefix":"b2"},"3":{"id":210793,"text":"Unless the language or circumstances otherwise indicate, as in a transfer as security, the transfer delegates the duties of the transferor and transfers its rights.","type":"section","prefixes":["b","2"],"prefix":"2","entire_prefix":"b2","prefix_anchor":"b2","level":2,"prior_prefix":"b1","next_prefix":"b3"},"4":{"id":210794,"text":"Acceptance of the transfer is a promise by the transferee to perform the delegated duties. The promise is enforceable by the transferor and any other party to the original contract.","type":"section","prefixes":["b","3"],"prefix":"3","entire_prefix":"b3","prefix_anchor":"b3","level":2,"prior_prefix":"b2","next_prefix":"b4"},"5":{"id":210795,"text":"The transfer does not relieve the transferor of any duty to perform, or of liability for breach of contract, unless the other party to the original contract agrees that the transfer has that effect.","type":"section","prefixes":["b","4"],"prefix":"4","entire_prefix":"b4","prefix_anchor":"b4","level":2,"prior_prefix":"b3","next_prefix":"c"},"6":{"id":210796,"text":"A party to the original contract, other than the transferor, may treat a transfer that conveys a right or duty of performance without its consent as creating reasonable grounds for insecurity and, without prejudice to the party’s rights against the transferor, may demand assurances from the transferee under § 59.1-507.8.","type":"section","prefixes":["c"],"prefix":"c","entire_prefix":"c","prefix_anchor":"c","level":1,"prior_prefix":"b4"}},"ancestry":[{"id":15099,"edition_id":1,"name":"Transfer of Interests and Rights","identifier":"5","label":"article","depth":3,"order_by":1,"parent_id":12900,"metadata":{},"date_created":"2026-06-26 03:52:08","date_modified":"2026-06-26 03:52:08","permalink":{"id":262135,"object_type":"structure","relational_id":15099,"identifier":"5","token":"59.1\/43\/5","url":"\/59.1\/43\/5\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12900,"edition_id":1,"name":"Uniform Computer Information Transactions Act","identifier":"43","label":"chapter","depth":2,"order_by":1,"parent_id":12809,"metadata":{},"date_created":"2026-06-26 03:44:00","date_modified":"2026-06-26 03:44:00","permalink":{"id":261885,"object_type":"structure","relational_id":12900,"identifier":"43","token":"59.1\/43","url":"\/59.1\/43\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12809,"edition_id":1,"name":"Trade and Commerce","identifier":"59.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:54","date_modified":"2026-06-26 03:43:54","permalink":{"id":259521,"object_type":"structure","relational_id":12809,"identifier":"59.1","token":"59.1","url":"\/59.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":78105,"structure_id":15099,"section_number":"59.1-505.1","catch_line":"Ownership of informational rights","url":"\/59.1-505.1\/","token":"59.1\/43\/5\/59.1-505.1","metadata":false},{"id":85215,"structure_id":15099,"section_number":"59.1-505.10","catch_line":"Financing arrangements; remedies or enforcement","url":"\/59.1-505.10\/","token":"59.1\/43\/5\/59.1-505.10","metadata":false},{"id":87452,"structure_id":15099,"section_number":"59.1-505.11","catch_line":"Financing arrangements; effect on licensor's rights","url":"\/59.1-505.11\/","token":"59.1\/43\/5\/59.1-505.11","metadata":false},{"id":74503,"structure_id":15099,"section_number":"59.1-505.12","catch_line":"Reserved","url":"\/59.1-505.12\/","token":"59.1\/43\/5\/59.1-505.12","metadata":false},{"id":80183,"structure_id":15099,"section_number":"59.1-505.2","catch_line":"Title to copy","url":"\/59.1-505.2\/","token":"59.1\/43\/5\/59.1-505.2","metadata":false},{"id":68861,"structure_id":15099,"section_number":"59.1-505.3","catch_line":"Transfer of contractual interest","url":"\/59.1-505.3\/","token":"59.1\/43\/5\/59.1-505.3","metadata":false},{"id":57535,"structure_id":15099,"section_number":"59.1-505.4","catch_line":"Effect of transfer of contractual interest","url":"\/59.1-505.4\/","token":"59.1\/43\/5\/59.1-505.4","metadata":false},{"id":83644,"structure_id":15099,"section_number":"59.1-505.5","catch_line":"Performance by delegate; subcontract","url":"\/59.1-505.5\/","token":"59.1\/43\/5\/59.1-505.5","metadata":false},{"id":79000,"structure_id":15099,"section_number":"59.1-505.6","catch_line":"Transfer by licensee","url":"\/59.1-505.6\/","token":"59.1\/43\/5\/59.1-505.6","metadata":false},{"id":86505,"structure_id":15099,"section_number":"59.1-505.7","catch_line":"Financing if financier does not become licensee","url":"\/59.1-505.7\/","token":"59.1\/43\/5\/59.1-505.7","metadata":false},{"id":70886,"structure_id":15099,"section_number":"59.1-505.8","catch_line":"Finance licenses","url":"\/59.1-505.8\/","token":"59.1\/43\/5\/59.1-505.8","metadata":false},{"id":82662,"structure_id":15099,"section_number":"59.1-505.9","catch_line":"Financing arrangements; obligations irrevocable","url":"\/59.1-505.9\/","token":"59.1\/43\/5\/59.1-505.9","metadata":false}],"previous_section":{"id":68861,"structure_id":15099,"section_number":"59.1-505.3","catch_line":"Transfer of contractual interest","url":"\/59.1-505.3\/","token":"59.1\/43\/5\/59.1-505.3","metadata":false},"next_section":{"id":83644,"structure_id":15099,"section_number":"59.1-505.5","catch_line":"Performance by delegate; subcontract","url":"\/59.1-505.5\/","token":"59.1\/43\/5\/59.1-505.5","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/59.1-505.4\/","history_text":"

This law was first created in 2000. The record of its establishment is cataloged in chapters 101<\/a> and 996<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":[{"id":68861,"section_number":"59.1-505.3","catch_line":"Transfer of contractual interest","order_by":null,"url":"\/59.1-505.3\/"},{"id":70886,"section_number":"59.1-505.8","catch_line":"Finance licenses","order_by":null,"url":"\/59.1-505.8\/"},{"id":78291,"section_number":"59.1-507.8","catch_line":"Adequate assurance of performance","order_by":null,"url":"\/59.1-507.8\/"}],"permalink":{"id":262161,"object_type":"law","relational_id":57535,"identifier":"59.1-505.4","token":"59.1\/43\/5\/59.1-505.4","url":"\/59.1-505.4\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/59.1-505.4\/","token":"59.1\/43\/5\/59.1-505.4","dublin_core":{"Title":"Effect of transfer of contractual interest","Type":"Text","Format":"text\/html","Identifier":"\u00a7 59.1-505.4","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

a.<\/span> A transfer of “the contract<\/span>” or of “all my rights under the contract<\/span>,” or a transfer in similar general terms, is a transfer of all contractual interests under the contract<\/span>. Whether the transfer is effective is determined by §§ 59.1-505.3<\/a> and 59.1-505.8<\/a> (a) (1) (B). <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

b.<\/span> The following rules apply to a transfer of a party<\/span>’s contractual interests: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> The transferee is subject to all contractual use terms. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Unless the language or circumstances otherwise indicate, as in a transfer as security, the transfer delegates the duties of the transferor and transfers its rights. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Acceptance of the transfer is a promise by the transferee to perform the delegated duties. The promise is enforceable by the transferor and any other party<\/span> to the original contract<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> The transfer does not relieve the transferor of any duty to perform, or of liability for breach of contract<\/span>, unless the other party<\/span> to the original contract<\/span> agrees that the transfer has that effect. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

c.<\/span> A party<\/span> to the original contract<\/span>, other than the transferor, may treat a transfer that conveys a right or duty of performance without its consent as creating reasonable grounds for insecurity and, without prejudice to the party<\/span>’s rights against the transferor, may demand assurances from the transferee under § 59.1-507.8<\/a>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nEFFECT OF TRANSFER OF CONTRACTUAL INTEREST (\u00a7 59.1-505.4)\n\na. A transfer of “the contract” or of “all my rights under the\ncontract,” or a transfer in similar general terms, is a transfer of all\ncontractual interests under the contract. Whether the transfer is effective is\ndetermined by §§ 59.1-505.3 and 59.1-505.8 (a) (1) (B).\n\nb. The following rules apply to a transfer of a party’s contractual\ninterests:\n\n 1. The transferee is subject to all contractual use terms.\n\n 2. Unless the language or circumstances otherwise indicate, as in a transfer\n as security, the transfer delegates the duties of the transferor and transfers\n its rights.\n\n 3. Acceptance of the transfer is a promise by the transferee to perform the\n delegated duties. The promise is enforceable by the transferor and any other\n party to the original contract.\n\n 4. The transfer does not relieve the transferor of any duty to perform, or of\n liability for breach of contract, unless the other party to the original\n contract agrees that the transfer has that effect.\n\nc. A party to the original contract, other than the transferor, may treat a\ntransfer that conveys a right or duty of performance without its consent as\ncreating reasonable grounds for insecurity and, without prejudice to the\nparty’s rights against the transferor, may demand assurances from the\ntransferee under § 59.1-507.8.\n\nHISTORY: 2000, cc. 101, 996.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}