                                 CODE OF VIRGINIA

TRANSFER BY LICENSEE (§ 59.1-505.6)

a. If all or any part of a licensee&#8217;s interest in a license is
transferred, voluntarily or involuntarily, the transferee does not acquire an
interest in information, copies, or the contractual or informational rights of
the licensee unless the transfer is effective under &#xA7; 59.1-505.3 or &#xA7;
59.1-505.8 (a) (1) (B). If the transfer is effective, the transferee takes
subject to the terms of the license.

b. Except as otherwise provided under trade secret law, a transferee acquires no
more than the contractual interest or other rights that the transferor was
authorized to transfer.

HISTORY: 2000, cc. 101, 996.