{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/59.1-505.11.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/59.1-505.11.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/59.1-505.11.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/59.1-505.11.html"}],"law_id":373276,"edition_id":2,"section_id":373276,"structure_id":53124,"section_number":"59.1-505.11","catch_line":"Financing arrangements; effect on licensor’s rights","history":"2000, cc. 101, 996.","full_text":"a\n\nThe creation of a financier’s interest does not place any obligations on or alter the rights of a licensor.\n\nb\n\nA 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.\n\n","order_by":null,"text":{"0":{"id":1392856,"text":"The creation of a financier’s interest does not place any obligations on or alter the rights of a licensor.","type":"section","prefixes":["a"],"prefix":"a","entire_prefix":"a","prefix_anchor":"a","level":1,"next_prefix":"b"},"1":{"id":1392857,"text":"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.","type":"section","prefixes":["b"],"prefix":"b","entire_prefix":"b","prefix_anchor":"b","level":1,"prior_prefix":"a"}},"ancestry":[{"id":53124,"edition_id":2,"name":"Transfer of Interests and Rights","identifier":"5","label":"article","depth":3,"order_by":5,"parent_id":53119,"metadata":{"child_laws":12,"child_structures":0},"date_created":"2026-08-02 03:11:15","date_modified":"2026-08-02 12:36:35","permalink":{"id":1489137,"object_type":"structure","relational_id":53124,"identifier":"5","token":"59.1\/43\/5","url":"\/59.1\/43\/5\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53119,"edition_id":2,"name":"Uniform Computer Information Transactions Act","identifier":"43","label":"chapter","depth":2,"order_by":80,"parent_id":53010,"metadata":{"child_laws":121,"child_structures":9},"date_created":"2026-08-02 03:11:05","date_modified":"2026-08-02 12:36:34","permalink":{"id":1488887,"object_type":"structure","relational_id":53119,"identifier":"43","token":"59.1\/43","url":"\/59.1\/43\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53010,"edition_id":2,"name":"Trade and Commerce","identifier":"59.1","label":"title","depth":1,"order_by":127,"parent_id":null,"metadata":{"child_laws":861,"child_structures":141},"date_created":"2026-08-02 03:09:52","date_modified":"2026-08-02 12:36:19","permalink":{"id":1486523,"object_type":"structure","relational_id":53010,"identifier":"59.1","token":"59.1","url":"\/59.1\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":373274,"structure_id":53124,"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":373275,"structure_id":53124,"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":373276,"structure_id":53124,"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":373277,"structure_id":53124,"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":373278,"structure_id":53124,"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":373279,"structure_id":53124,"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":373280,"structure_id":53124,"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":373281,"structure_id":53124,"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":373282,"structure_id":53124,"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":373283,"structure_id":53124,"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":373284,"structure_id":53124,"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":373285,"structure_id":53124,"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":373275,"structure_id":53124,"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},"next_section":{"id":373277,"structure_id":53124,"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/59.1-505.11\/","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":[{"id":373222,"section_number":"59.1-501.15","catch_line":"Variation by agreement; commercial practice","order_by":null,"url":"\/59.1-501.15\/"}],"refers_to":false,"permalink":{"id":1489147,"object_type":"law","relational_id":373276,"identifier":"59.1-505.11","token":"59.1\/43\/5\/59.1-505.11","url":"\/59.1-505.11\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/59.1-505.11\/","token":"59.1\/43\/5\/59.1-505.11","dublin_core":{"Title":"Financing arrangements; effect on licensor’s rights","Type":"Text","Format":"text\/html","Identifier":"\u00a7 59.1-505.11","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

a.<\/span> The creation of a financier’s interest does not place any obligations on or alter the rights of a licensor. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

b.<\/span> A financier’s interest does not attach to any intellectual property rights of the licensor unless the licensor expressly consents to such attachment<\/span> in a license or another record. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nFINANCING ARRANGEMENTS; EFFECT ON LICENSOR’S RIGHTS (\u00a7 59.1-505.11)\n\na. The creation of a financier’s interest does not place any obligations\non or alter the rights of a licensor.\n\nb. A financier’s interest does not attach to any intellectual property\nrights of the licensor unless the licensor expressly consents to such attachment\nin a license or another record.\n\nHISTORY: 2000, cc. 101, 996.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}