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Virginia Code Title 59.1. Trade and Commerce § 59.1-505.1. Ownership of informational rights

Current as of January 01, 2025 | Updated by FindLaw Staff

(a) If an agreement provides for conveyance of ownership of informational rights in a computer program, ownership passes at the time and place specified by the agreement but does not pass until the program is in existence and identified to the contract. If the agreement does not specify a different time, ownership passes when the program and the informational rights are in existence and identified to the contract.

(b) Transfer of a copy does not transfer ownership of informational rights.

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Cite this article: FindLaw.com - Virginia Code Title 59.1. Trade and Commerce § 59.1-505.1. Ownership of informational rights - last updated January 01, 2025 | https://codes.findlaw.com/va/title-59-1-trade-and-commerce/va-code-sect-59-1-505-1/

Read this complete Virginia Code Title 59.1. Trade and Commerce § 59.1-505.1. Ownership of informational rights on Westlaw. Westlaw subscription required.

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