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Chapter: | 445
 | Title: | LAYOUT-DESIGN (TOPOGRAPHY) OF INTEGRATED CIRCUITS ORDINANCE | Gazette Number: | |
| Section: | 14 | Heading: | Assignments and licences of layout-design (topography) | Version Date: | 30/06/1997 |
Dealings with a layout-design (topography) right
(1) A right in a layout-design (topography) is movable property and is therefore transmissible by any means by which such property may be lawfully transmitted including assignment, licence, testamentary instrument and operation of law.
(2) An assignment or transmission may be total or partial.
(3) An assignment is ineffective unless it is in writing and signed by or on behalf of the assignor.
(4) A licence granted in respect of a layout-design (topography) right by a qualified owner binds each successor in title to his interest in the right, 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.
(Enacted 1994)