§ 59.1-505.7. Financing if financier does not become licensee
If a financier does not become a licensee in connection with its financial accommodation contract, the following rules apply:
(1) The financier does not receive the benefits or burdens of the license.
(2) The licensee's rights and obligations with respect to the information and informational rights are governed by:
(A) the license;
(B) any rights of the licensor under other law; and
(C) to the extent not inconsistent with subparagraphs (A) and (B), any financial accommodation contract between the financier and the licensee, which may add additional conditions to the licensee's right to use the licensed information or informational rights.
(2000, cc. 101, 996.)
Sections: Previous 59.1-504.11 59.1-505.1 59.1-505.2 59.1-505.3 59.1-505.4 59.1-505.5 59.1-505.6 59.1-505.7 59.1-505.8 59.1-505.9 59.1-505.10 59.1-505.11 59.1-505.12 59.1-506.1 59.1-506.2 NextLast modified: April 3, 2009