(a) A party that with explicit reservation of rights performs or promises performance or assents to performance in a manner demanded or offered by the other party does not thereby prejudice the rights reserved. Such words as “without prejudice,” “under protest,” or the like are sufficient.

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(b) Subsection (a) does not apply to an accord and satisfaction.

1964, c. 219, § 8.1-207; 1992, c. 693; 2003, c. 353.