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Consider the following statements with reference to the Compulsory Licensing, recently in the news:
It allows governments to license third parties to produce and market a patented product or process without the consent of patent owners.
  • The Trade-Related Aspects of Intellectual Property Rights (TRIPS Agreement) specifically lists the reasons that might be used to justify it.
    Which of the statements given above is/are correct?
    • a)
      1 only
    • b)
      2 only
    • c)
      Both 1 and 2
    • d)
      Neither 1 nor 2
    Correct answer is option 'A'. Can you explain this answer?
    Most Upvoted Answer
    Consider the following statements with reference to the Compulsory Li...
    • Compulsory Licensing allows governments to license third parties (that is, parties other than the patent holders) to produce and market a patented product or process without the consent of patent owners.
    • The demand for compulsory licenses for the manufacture of an affordable generic version of Remdesivir has been raised. Chapter XVI of the Indian Patents Act 1970 and the Agreement on Trade-Related Aspects of Intellectual Property Rights discuss compulsory licensing. So, statement (1) is correct.
    • Any time after three years from the date of sealing of a patent, an application for the compulsory license can be made, provided: " Reasonable requirements of the public have not been satisfied;
    • The patented invention is not available to the public at a reasonably affordable price.
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    Consider the following statements with reference to the Compulsory Licensing, recently in the news: It allows governments to license third parties to produce and market a patented product or process without the consent of patent owners. The Trade-Related Aspects of Intellectual Property Rights (TRIPS Agreement) specifically lists the reasons that might be used to justify it. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
    Question Description
    Consider the following statements with reference to the Compulsory Licensing, recently in the news: It allows governments to license third parties to produce and market a patented product or process without the consent of patent owners. The Trade-Related Aspects of Intellectual Property Rights (TRIPS Agreement) specifically lists the reasons that might be used to justify it. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements with reference to the Compulsory Licensing, recently in the news: It allows governments to license third parties to produce and market a patented product or process without the consent of patent owners. The Trade-Related Aspects of Intellectual Property Rights (TRIPS Agreement) specifically lists the reasons that might be used to justify it. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements with reference to the Compulsory Licensing, recently in the news: It allows governments to license third parties to produce and market a patented product or process without the consent of patent owners. The Trade-Related Aspects of Intellectual Property Rights (TRIPS Agreement) specifically lists the reasons that might be used to justify it. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.
    Solutions for Consider the following statements with reference to the Compulsory Licensing, recently in the news: It allows governments to license third parties to produce and market a patented product or process without the consent of patent owners. The Trade-Related Aspects of Intellectual Property Rights (TRIPS Agreement) specifically lists the reasons that might be used to justify it. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
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