Industrial Property Regulations, 2002 Property Journal. (8) If an application or patent has lapsed and the time for making a request under section 61(5) of the Act to restore the application or patent has expired without a request being made or a request was made but was denied, the Managing Director shall, within forty-five days after the time expired or the request was denied, notify the applicant or owner of the lapse and draw their attention to the provisions of section 61(3) of the Act. (9) There is no fee for the first year following the date of filing of the application. (10) For an international application, the only annual fees that are payable are those due after the application enters the national phase. PART VIII - CHANGE IN OWNERSHIP Change of ownership of application or patent. 39. (1) This Regulation applies with respect to section 62 of the Act. (2) An application to have a change of ownership recorded in the patent register shall be in Form IP 18. (3) An application to have a change of ownership recorded may be made by the former owner or the new owner. (4) A copy of the following shall accompany the application — (a) the instrument effecting the change in ownership; or (b) a certificate issued by a competent authority of the change in ownership. 28