Prospective ownership of EL rights
44 Prospective ownership of EL rights
Where, by an agreement made in relation to future EL rights and signed by or on behalf of the person who would, apart from this section, be the owner of the rights on their coming into existence, that person purports to assign the future EL rights (wholly or partly) to another person (in this subsection called the assignee), then the rights, on coming into existence, vest in the assignee or his or her successor in title by force of this subsection.
Where, at the time when an EL right comes into existence, the person who would be entitled to the right is dead, the right devolves as if, immediately before the person’s death, the person had been the owner of the right.
A licence granted in respect of future EL rights by the prospective owner of the rights binds each of his or her successors in title to the prospective interest in the right to the same extent as the licence was binding on the grantor.
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