Intellectual Property Rights from Publicly Financed Research and
R 385
related party
in relation to an applicant means -
a) | a company, none of the shares or interests of which is held by any person other than – |
i) | that applicant; or |
ii) | in the case where the applicant is a natural person, by that applicant or relatives of that applicant; or |
b) | a trust or deceased estate of which the applicant is a beneficiary; |