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Compulsory licensing |
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Compulsory licensingA legal requirement for the owner of a patent to let other firms produce its product, under specified terms. Countries sometimes require foreign patent holders to license domestic firms so as to improve access to the patented product at lower cost. This is permitted by the TRIPs Agreement for certain purposes, such as protecting public health.Similar MatchesCompulsory purchase annuityCompulsory purchase annuitySee 'annuity'. Compulsory liquidationCompulsory liquidationLiquidation of a company brought about by a court order, usually as the result of a petition by an unpaid creditor. |
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