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Understanding Compulsory License: An Essential Aspect of Patent Law
Business10 months ago
Source: Understanding Compulsory License: An Essential Aspect of Patent Law
A compulsory license is a legal mechanism that allows a government to permit someone else to produce a patented product or process without the consent of the patent owner. This is typically invoked under specific conditions, such as public health crises, to ensure that essential products are available to the population at reasonable prices. It essentially serves as a check against the monopolistic tendencies that can arise from exclusive patent rights.
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