402. Power to license.

4.     Licensing of Patented Inventions

(1)     Licences by Agreement

402.     Power to license.

Subject to the rights of co-owners1, a licence may be granted under any patent or application2 for a patent for working the invention3 which is the subject of the patent or application4. To the extent that the licence so provides, a sub-licence may be granted under any such licence and any such licence or sub-licence may be assigned or mortgaged5. Any such licence or sub-licence vests by operation of law in the same way as any