45Assignments and licences of EL rights

#### 45 Assignments and licences of EL rights (1) EL rights are personal property and, subject to this section, are transmissible by assignment, by will and by devolution by operation of law. (2) An assignment of EL rights may be limited in any way, including any one or more of the following ways: (a) so as to apply to one or more of the classes of acts that, by virtue of this Act, the owner of the EL rights has the exclusive right to do (including a class of acts that is not separately specified in this Act as being comprised in EL rights but falls within a class of acts that is so specified); (b) so as to apply to a place in, or a part of, Australia; (c) so as to apply to part of the protection period of the layout in which the EL rights subsist. (3) An assignment of EL rights (whether total or partial) does not have effect unless it is in writing signed by or on behalf of the assignor. (4) A licence granted in respect of an EL right by the owner of the right binds every successor in title to the interest in the right of the grantor of the licence to the same extent as the licence was binding on the grantor.