(1) A licence granted by a copyright owner is binding on every successor in title to that person's interest in the copyright, except a purchaser in good faith for valuable consideration and without notice (actual or constructive) of the licence or a person deriving title from such a purchaser; and references in this Act to doing anything—
(a) with, or without, the licence of the copyright owner; or
(b) other than pursuant to a copyright licence—
shall be construed accordingly.
(2) The licensee under an exclusive licence has the same rights against a successor in title who is bound by the licence as that licensee has against the copyright owner.
Compare: 1962 No 33 s 56(4); Copyright, Designs and Patents Act 1988 ss 90(4), 92(2) (UK)