Layout-Designs of Integrated Circuits Act 2000 · Updated to 1 Jan 2006 · Part IV · Dealings with Layout-Design Rights
19. Assignments and licences
Feedback & supportA right in a protected layout-design shall be personal property and shall be transmissible by any means by which such property may be lawfully transmitted including by assignment, by licence, by testamentary instrument and by devolution by operation of law.
protected layout-design
“protected layout-design” means a layout-design that is protected under section 5;
An assignment or other transmission may be total or partial.
An assignment or other transmission shall not be effective against a third party unless—
the assignment or other transmission is in writing and signed by or on behalf of the assignor; and
the third party has notice of the assignment or other transmission, whether actual or constructive.
If the right in a protected layout-design is held by more than one person, an assignment or licence granted by one right holder shall have effect as if the assignment or licence is also granted by the other right holders, and subject to any agreement between the right holders, fees received by any of the right holders shall be divided equally between all the right holders.
right holder
“right holder” means the person that is to be regarded as the beneficiary of the protection referred to in section 9;
A licence granted in respect of a right in a protected layout-design by a right holder binds each successor in title to the interest in the right of the right holder to the same extent as the licence
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was binding on the right holder, except a purchaser in good faith for value without notice (actual or constructive) of the licence and a person who derives title from the purchaser.