Section 103 — What is an exclusive licence

(1)An “exclusive licence”, in relation to a copyright, is a licence —

(a)granted by the owner or prospective owner of the copyright; and

(b)authorising the licensee, to the exclusion of any other person, to do an act that, by virtue of this Act, the owner of the copyright would, but for the licence, have the exclusive right to do.

(2)“Exclusive licensee” has a corresponding meaning.