(a) A transfer of "the contract" or of "all my rights under the contract," or a transfer in similar general terms, is a transfer of all contractual interests under the contract. Whether the transfer is effective is determined by §§ 59.1-505.3 and 59.1-505.8 (a) (1) (B).
(b) The following rules apply to a transfer of a party's contractual interests:
(1) The transferee is subject to all contractual use terms.
(2) Unless the language or circumstances otherwise indicate, as in a transfer as security, the transfer delegates the duties of the transferor and transfers its rights.
(3) Acceptance of the transfer is a promise by the transferee to perform the delegated duties. The promise is enforceable by the transferor and any other party to the original contract.
(4) The transfer does not relieve the transferor of any duty to perform, or of liability for breach of contract, unless the other party to the original contract agrees that the transfer has that effect.
(c) A party to the original contract, other than the transferor, may treat a transfer that conveys a right or duty of performance without its consent as creating reasonable grounds for insecurity and, without prejudice to the party's rights against the transferor, may demand assurances from the transferee under § 59.1-507.8.
2000, cc. 101, 996.
Structure Code of Virginia
Title 59.1 - Trade and Commerce
Chapter 43 - Uniform Computer Information Transactions Act
§ 59.1-501.3. Scope; exclusions
§ 59.1-501.4:1. Consumer protection law governs
§ 59.1-501.6. Rule of construction
§ 59.1-501.7. Legal recognition of electronic record and authentication; use of electronic agents
§ 59.1-501.8. Proof and effect of authentication
§ 59.1-501.10. Contractual choice of forum
§ 59.1-501.11. Unconscionable contract or term
§ 59.1-501.12. Manifesting assent
§ 59.1-501.13:1. Opportunity to review
§ 59.1-501.14:1. Pretransaction disclosures in Internet-type transactions
§ 59.1-501.15. Variation by agreement; commercial practice
§ 59.1-501.16. Supplemental principles; good faith; commercial practice
§ 59.1-501.17. Decision for court; legal consequences; reasonable time; reason to know
§ 59.1-502.1. Formal requirements
§ 59.1-502.2. Formation in general
§ 59.1-502.3. Offer and acceptance in general
§ 59.1-502.4. Acceptance with varying terms
§ 59.1-502.5. Conditional offer or acceptance
§ 59.1-502.6. Offer and acceptance; electronic agents
§ 59.1-502.7. Formation; releases of informational rights
§ 59.1-502.8. Adopting terms of records
§ 59.1-502.9. Mass-market license
§ 59.1-502.10. Terms of contract formed by conduct
§ 59.1-502.12. Efficacy and commercial reasonableness of attribution procedure
§ 59.1-502.13. Determining attribution
§ 59.1-502.14. Electronic error; consumer defenses
§ 59.1-502.15. Electronic message; when effective; effect of acknowledgment
§ 59.1-502.16. Idea or information submission
§ 59.1-503.1. Parol or extrinsic evidence
§ 59.1-503.2. Practical construction
§ 59.1-503.3. Modification and rescission
§ 59.1-503.4. Continuing contractual terms
§ 59.1-503.5. Terms to be specified
§ 59.1-503.6. Performance under open terms
§ 59.1-503.7. Interpretation and requirements for grant
§ 59.1-503.9. Agreement for performance to party's satisfaction
§ 59.1-503.10. Licenses to nonprofit libraries, archives or educational institutions
§ 59.1-504.1. Warranty and obligations concerning noninterference and noninfringement
§ 59.1-504.2. Express warranty
§ 59.1-504.3. Implied warranty; merchantability of computer program
§ 59.1-504.4. Implied warranty; informational content
§ 59.1-504.5. Implied warranty; licensee's purpose; system integration
§ 59.1-504.6. Disclaimer or modification of warranty
§ 59.1-504.7. Modification of computer program
§ 59.1-504.8. Cumulation and conflict of warranties
§ 59.1-504.9. Third-party beneficiaries of warranty
§ 59.1-504.10. No implied warranties for free software
§ 59.1-505.1. Ownership of informational rights
§ 59.1-505.3. Transfer of contractual interest
§ 59.1-505.4. Effect of transfer of contractual interest
§ 59.1-505.5. Performance by delegate; subcontract
§ 59.1-505.6. Transfer by licensee
§ 59.1-505.7. Financing if financier does not become licensee
§ 59.1-505.8. Finance licenses
§ 59.1-505.9. Financing arrangements; obligations irrevocable
§ 59.1-505.10. Financing arrangements; remedies or enforcement
§ 59.1-505.11. Financing arrangements; effect on licensor's rights
§ 59.1-506.1. Performance of contract in general
§ 59.1-506.2. Licensor's obligations to enable use
§ 59.1-506.3. Submissions of information to satisfaction of party
§ 59.1-506.4. Immediately completed performance
§ 59.1-506.5. Electronic regulation of performance
§ 59.1-506.6. Copy; delivery; tender of delivery
§ 59.1-506.7. Copy; performance related to delivery; payment
§ 59.1-506.8. Copy; right to inspect; payment before inspection
§ 59.1-506.9. Copy; when acceptance occurs
§ 59.1-506.10. Copy; effect of acceptance; burden of establishing; notice of claims
§ 59.1-506.11. Access contracts
§ 59.1-506.12. Correction and support contracts
§ 59.1-506.13. Contracts involving publishers, dealers, and end users
§ 59.1-506.14. Risk of loss of copy
§ 59.1-506.15. Excuse by failure of presupposed conditions
§ 59.1-506.16. Termination; survival of obligations
§ 59.1-506.17. Notice of termination
§ 59.1-506.18. Termination; enforcement
§ 59.1-507.1. Breach of contract; material breach
§ 59.1-507.2. Waiver of remedy for breach of contract
§ 59.1-507.3. Cure of breach of contract
§ 59.1-507.4. Copy; refusal of defective tender
§ 59.1-507.5. Copy; contract with previous vested grant of rights
§ 59.1-507.6. Copy; duties upon rightful refusal
§ 59.1-507.7. Copy; revocation of acceptance
§ 59.1-507.8. Adequate assurance of performance
§ 59.1-507.9. Anticipatory repudiation
§ 59.1-507.10. Retraction of anticipatory repudiation
§ 59.1-508.1. Remedies in general
§ 59.1-508.3. Contractual modification of remedy
§ 59.1-508.4. Liquidation of damages
§ 59.1-508.5. Limitation of actions
§ 59.1-508.6. Remedies for fraud
§ 59.1-508.7. Measurement of damages in general
§ 59.1-508.8. Licensor's damages
§ 59.1-508.9. Licensee's damages
§ 59.1-508.11. Specific performance
§ 59.1-508.12. Completing performance
§ 59.1-508.14. Discontinuing access
§ 59.1-508.15. Right to possession and to prevent use