Code of Virginia - Title 59.1 Trade And Commerce - Section 59.1-507.5 Copy; contract with previous vested grant of rights

§ 59.1-507.5. Copy; contract with previous vested grant of rights

If an agreement grants a right in or permission to use informational rights which precedes or is otherwise independent of the delivery of a copy, the following rules apply:

(1) A party may refuse a tender of a copy which is a material breach as to that copy, but refusal of that tender does not cancel the contract.

(2) In a case governed by paragraph (1), the tendering party may cure the breach by seasonably providing a conforming copy before the breach becomes material as to the whole contract.

(3) A breach that is material with respect to a copy allows cancellation of the contract only if the breach cannot be seasonably cured and is a material breach of the whole contract.

(2000, cc. 101, 996.)

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Last modified: April 3, 2009