# Capital Allowances Act 2001, Section 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.

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/466 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-466
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.