Va. Code Ann. § 59.1-505.11 – Financing arrangements; effect on licensor's rights | Midpage
§ 59.1-505.11
Va. Code Ann. § 59.1-505.11
Financing arrangements; effect on licensor's rights
Effective Jul 1, 20002000, cc. 101, 996.
(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.