The best place to ask these questions is at
http://www.letraset.com/

Typophilers (who are not Letraset's legal representatives) advising on this stuff would in effect be "lawyering".

Questions about the intellectual property or copyright of particular works are best directed to the owner(s) of those works.

j a m e s

"Can anyone tell me the law of digitalising typefaces found in old Letraset books."

There is no legal constraint on digitalizing typefaces found in printed books of any kind or age, and no licensing is required.

Cheers!

(sorry, I ran out of ink for a second)....and no licensing is required, unless you wish to use a trademarked font name.

Cheers!

Thanks dberlow.

I'll pose another question. Say I wanted to make a stenciled version of Univers and want to sell it. Is that illegal?

Thanks again.

Yay! Let me grab my rod and tackle box - I love a good fishing trip!

Hmm...Don't get that sii.

Also, different cuts of fonts...How is this legal? There are so many cuts of Clarendon and Avant Garde for example.

Sorry - defined here...

http://en.wikipedia.org/wiki/Fishing_expedition

"The metaphor likens this to a fishing trip where, if one casts a wide enough net, they are bound to score something"

I guess it's not funny when you have to explain it.

"Ohhh...I get jokes!"

— Homer Simpson :)

...well anyway - everything you need to know on the subject is distilled here... http://www.emigre.com/Editorial.php?sect=2

Enjoy! Si

Thanks Sii!