This Part   includes some rules with a particular application to security interests in intellectual property and intellectual property licences.

If the exercise of rights by a secured party in relation to goods necessarily involves the exercise of intellectual property rights covered by the security interest, this Act applies to the intellectual property rights in the same way as it applies to the goods.

The Part   also deals with a transfer of intellectual property that is the subject of a licence (or sub - licence) in which a security interest is granted. The security agreement binds the successors in title to the licensor or sub - licensor.