Compulsory License (1/5): S84,86,87

Are you aware of the provisions that enable the government to grant a compulsory license under a patent in India? Such provisions exist to ensure that the public's reasonable requirements are met, inventions are available at affordable prices, and are worked in India for the benefit of society. In this video, we take a deep dive into the procedures laid out in sections 84, 86, and 87 of the Patents Act, which govern compulsory licensing. You'll learn about the conditions under which a compulsory license can be granted, the application process, and the rights and obligations of both the patentee and the licensee. Stay tuned to get a better understanding of the legal framework that governs compulsory licensing in India. #PatentsAct #CompulsoryLicense #IntellectualProperty #Inventions #India #AffordablePrices #PublicHealth #LegalFramework #Licensee #Patentee #patents #patentsact1970 #patentagent #patentagentexam #patentagentexamtraining Chapters: 00:00 - Intro 00:15 - Recap 00:27 - Who/Why/When@S84 01:35 - Process@S87 04:50 - Check-Points@S84 05:58 - Adjournment@S86 07:15 - Granting-CL@S84 07:32 - Conclusion