(1) This section applies to the following contracts:
(a) a contract for the sale or lease of a patented product:
(b) a licence to exploit a patented product or process.
(2) A contract that this section applies to may be terminated by either party, on giving 3 months’ written notice to the other party, at any time after the patent, or all the patents, by which the product or process was protected at the time the contract was made, has or have ceased to be in force.
(3) Subsection (2)—
(a) applies whether the contract was made before or after the commencement of this section; and
(b) applies despite anything to the contrary in the contract or in any other contract; and
(c) does not limit any right to terminate a contract exercisable apart from this section.
Compare: 1953 No 64 s 67