194HFuture property rights

1. This section applies if a performer purports to assign future property rights (wholly or partially) to another person by an agreement signed by or on behalf of the performer.

2. If, on the rights coming into existence, the assignee or the assignee’s successor in title would be entitled as against all other persons to require the rights to be vested in the assignee or the assignee’s successor in title, they vest in the assignee or the assignee’s successor in title by virtue of this subsection.

3. A licence granted by a person to whom future property rights have been assigned is binding on every successor in title to that person’s interest in the rights, except—

4. a purchaser in good faith for valuable consideration and without notice (actual or constructive) of the licence; or
5. a person deriving title from a purchaser referred to in paragraph (a).

6. In this section, future property rights means a performer’s property rights that will or may come into existence in respect of a future recording of a performance.