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

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

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

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

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

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

(2000, cc. 101, 996.)