Tag : #Compulsory Licensing
Patents contribute a major part in the pharmaceutical sectors and companies. Also patent protection ensures and helps to protect their innovative ideas. Drug Patents are important in the way that through this investments and costs incurred during research and other stages can be compensated. Also with the increasing competition, drug patent will ensure to provide protection of duplicacy against competitors in the market.
A compulsory Licence is a term commonly used to refer to a statutory licence to conduct an act subject to an exclusive right without the prior authorization of the owner of the right. In certain cases, compulsory licence requirements allow the facility to use protected content, as given by statute, without requiring the prior authorization of the right owner.
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