Financing arrangements; effect on licensor's rights

Va. Code Ann. § 59.1-505.11, under Chapter 43. Uniform Computer Information Transactions Act..

Va. Code Ann. § 59.1-505.11

(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.