129.
| (1) The registered owner of a mark may renounce the registration, either wholly or in respect of part of the goods or services for which the mark is registered, by a declaration in writing signed by him or on his behalf and submitted to the Registrar. |
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| (2) The Registrar Shall, on receipt of the said declaration, record it in the register and cause such record to be published in the Gazette. |
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| (3) The renunciation shall take effect from the date that the Registrar receives the said declaration. |
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| (4) Where a licence contract in respect of a mark is recorded in the register the Registrar shall not, in the absence of provision to the contrary in such licence contract, accept or record the said renunciation except upon receipt of a signed declaration by which any assignee, licensee or sub-licensee on record consents to the renunciation, unless his consent is expressly waived in the licence contract. |
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Sri Lanka Consolidated Acts