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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>87452</law_id><section_number>59.1-505.11</section_number><catch_line>Financing arrangements; effect on licensor&amp;#8217;s rights</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>59.1-501.15</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="59.1">Trade and Commerce</unit><unit label="chapter" level="2" order_by="1" identifier="43">Uniform Computer Information Transactions Act</unit><unit label="article" level="3" order_by="1" identifier="5">Transfer of Interests and Rights</unit></structure><text>
						<section id="a"><p><span class="prefix-number">a.</span> The creation of a financier&#x2019;s interest does not place any obligations on or alter the rights of a licensor. <a id="paragraph-313069" class="section-permalink" href="https://vacode.org/59.1-505.11/#a"><i class="fa fa-link"/></a></p></section>
						<section id="b"><p><span class="prefix-number">b.</span> A financier&#x2019;s interest does not attach to any intellectual property rights of the licensor unless the licensor expressly consents to such <span class="dictionary">attachment</span> in a license or another record. <a id="paragraph-313070" class="section-permalink" href="https://vacode.org/59.1-505.11/#b"><i class="fa fa-link"/></a></p></section></text><history>2000, cc. 101, 996.</history><metadata></metadata></law>
