Layout-Designs of Integrated Circuits Act 2000 · Updated to 1 Jan 2006 · Part IV · Dealings with Layout-Design Rights
20. Future rights
Feedback & supportIf by an agreement made in relation to a future right in a protected layout-design that is signed by or on behalf of the person who would be the right holder on its coming into existence the person purports to assign the future right in the protected layout-design, wholly or partially, to another person (in this section referred to as the “assignee”), then the right, on coming into existence, shall vest in the assignee or his successor in title by virtue of this subsection.
protected layout-design
“protected layout-design” means a layout-design that is protected under section 5;
If at the time when a right in a protected layout-design comes into existence the person who would be entitled to the right is dead, the right shall devolve as if, immediately before the person’s death, the person had been the right holder.
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 future right in a protected layout-design by the prospective right holder binds each of his successors in title to the prospective interest in the right to the same extent as the licence 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.