(1)An exclusive licensee has, except against the owner of a performer’s property rights, the same rights and remedies in respect of matters occurring after the grant of the licence as if the licence had been an assignment.
(2)His rights and remedies are concurrent with those of the rights owner; and references in the relevant provisions of [F2this Chapter] to the rights owner shall be construed accordingly.
(3)In an action brought by an exclusive licensee by virtue of this section a defendant may avail himself of any defence which would have been available to him if the action had been brought by the rights owner.]
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