Part 8 Patent allowances
Chapter 1 Introduction
466 Grant of licences
1
The acquisition of a licence in respect of a patent is to be treated as the purchase of patent rights.
2
The grant of a licence in respect of a patent is to be treated as a sale of part of patent rights.
3
But the grant by a person entitled to patent rights of an exclusive licence is to be treated as a sale of the whole of those rights.
4
“Exclusive licence” means a licence to exercise those rights to the exclusion of the grantor and all other persons for the period remaining until the rights come to an end.