Section 94 of The Patents Act, 1970, PA : Section 94: Termination Of Compulsory Licence
The Patents Act, 1970, PA
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Explanation using Example
Let's consider a hypothetical situation. Imagine a company, BioHeal, that holds a patent for a revolutionary drug that can cure a rare disease. Due to the high demand and the inability of BioHeal to meet this demand, the government, under section 84 of the Patents Act, grants a compulsory license to another company, MedCure, to produce and distribute the drug.
After a few years, BioHeal expa...
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