Intellectual Property Rights from Publicly Financed Research and
R 385
Mining Titles Registration Act, 1967 (Act No. 16 of 1967)Chapter IX : Servitudes, Contracts, Tributing Agreements and Leases47. Termination of registered lease |
| (1) | When a registered lease or sub-lease has terminated, the Director-General shall on written application by the lessor or the lessee or the lessee or sub-lessee, accompanied by proof of the termination of the lease or sub-lease, and by the title deed of the right leased and the deed of lease or sub-lease, note that the lease or sub-lease has terminated. |
[Section 47(1) substituted by section 39(a) of Act No. 24 of 2003]
| (2) | If the full term, including periods of renewal, of a registered lease or sub-lease has expired, no further transactions affecting that lease or sub-lease shall be registered. |
| (3) | The Director-General may of his or her own accord endorse the lapsing of the right subject to the provisions of this Act or any other law. |
[Section 47(3) inserted by section 39(b) of Act No. 24 of 2003]
