Virginia § 59.1-508.12 Completing performance

Virginia Statutes

§ 59.1-508.12 — Completing performance

Virginia § 59.1-508.12

Title 59.1TRADE AND COMMERCE

Ch. 43UNIFORM COMPUTER INFORMATION TRANSACTIONS ACT

Art. 8REMEDIES

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Bluebook

Va. Code Ann. § 59.1-508.12 (2026).

Text

(a)On breach of contract by a licensee, the licensor may:

(1)identify to the contract any conforming copy not already identified if, at the time the licensor learned of the breach, the copy was in its possession;

(2)in the exercise of reasonable commercial judgment for purposes of avoiding loss and effective realization on effort or investment, complete the information and identify it to the contract, cease work on it, relicense or dispose of it, or proceed in any other commercially reasonable manner; and

(3)pursue any remedy for breach that has not been waived.

(b)On breach by a licensee, both parties remain bound by all contractual use terms, but the contractual use terms do not apply to information or copies properly received or obtained from another source.

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(a) On breach of contract by a licensee, the licensor may:

(1) identify to the contract any conforming copy not already identified if, at the time the licensor learned of the breach, the copy was in its possession;

(2) in the exercise of reasonable commercial judgment for purposes of avoiding loss and effective realization on effort or investment, complete the information and identify it to the contract, cease work on it, relicense or dispose of it, or proceed in any other commercially reasonable manner; and

(3) pursue any remedy for breach that has not been waived.

(b) On breach by a licensee, both parties remain bound by all contractual use terms, but the contractual use terms do not apply to information or copies properly received or obtained from another source.