2006 Code of Virginia § 59.1-505.6 - Transfer by licensee
59.1-505.6. Transfer by licensee.
(a) If all or any part of a licensee's interest in a license is transferred,voluntarily or involuntarily, the transferee does not acquire an interest ininformation, copies, or the contractual or informational rights of thelicensee unless the transfer is effective under 59.1-505.3 or 59.1-505.8(a) (1) (B). If the transfer is effective, the transferee takes subject tothe terms of the license.
(b) Except as otherwise provided under trade secret law, a transfereeacquires no more than the contractual interest or other rights that thetransferor was authorized to transfer.
(2000, cc. 101, 996.)
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