Part 9Intellectual property: know-how and patents

Chapter 5Supplementary

928Exchanges

1

In this Part references to the sale of property include the exchange of property.

2

In this section—

  • references to property include know-how, and

  • references to the sale of property include the disposal of know-how.

3

For the purposes of subsection (1), any provision of this Part referring to a sale has effect with the necessary modifications, including, in particular, those in subsections (4) and (5).

4

References to the proceeds of sale and to the price include the consideration for the exchange.

5

References to capital sums included in the proceeds of sale include references to so much of the consideration for the exchange as would have been a capital sum if it had been a money payment.