The Olympics association right

Rights conferred.
2
1
The Olympics association right shall confer exclusive rights in relation to the use of the Olympic symbol, the Olympic motto and the protected words.
2
Subject to sections 4 and 5 below, the rights conferred by subsection (1) above shall be infringed by any act done in the United Kingdom which—
a
constitutes infringement under section 3 below, and
b
is done without the consent of the person for the time being appointed under section 1(2) above (in this Act referred to as “the proprietor”).
3
The proprietor may exploit the rights conferred by subsection (1) above for gain, but may not make any disposition of, or of any interest in or over, them.
4
This section shall not have effect to permit the doing of anything which would otherwise be liable to be prevented by virtue of a right—
a
subsisting immediately before the day on which this Act comes into force, or
b
created by—
i
the registration of a design under the Registered Designs Act 1949 on or after the day on which this Act comes into force, or
ii
the registration of a trade mark under the Trade Marks Act 1994 on or after that day.
5
Consent given for the purposes of subsection (2)(b) above by a person appointed under section 1(2) above shall, subject to its terms, be binding on any person subsequently appointed under that provision; and references in this Act to doing anything with, or without, the consent of the proprietor shall be construed accordingly.
1949 c. 88.
1994 c. 26.
S. 2(2)-(4) applied (with modifications) (temp.) (30.3.2006) by London Olympic Games and Paralympic Games Act 2006 (c. 12), s. 40(1)(d)(8), Sch. 4 para. 10