Licence contracts

(1) Subject to this section, the owner of a registered design, on an application there for, may grant licences in respect of the (2) A copy of each licence contract relating to a registered design or an application there for shall be submitted to the Registrar who shall keep its contents confidential, but shall record it and publish a notice thereof. 14 (3) The licence contract shall have no effect against third parties until it has been recorded.