Financing arrangements; effect on licensor’s rights (§ 59.1-505.11)

§ 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.