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George & Co., Ltd. patented an invention in Canada in 2005 for which there is huge public ...

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George & Co., Ltd. patented an invention in Canada in 2005 for which there is huge public ...

George & Co., Ltd. patented an invention in Canada in 2005 for which there is huge public demand. Happy Co. is in the same line of business, and has the capacity to meet the demand for the new product. In this situation,
a. if George & Co., Ltd. is not able to approach supplying the demand for the product, Happy Co. could apply for a compulsory license so it can manufacture the product.
b. George & Co., Ltd. may lose its patent altogether if it cannot meet the demand.
c. if Happy Co. is granted a compulsory licence, it must pay a reasonable royalty to George & Co., Ltd.
d. all of the above
e. none of the above

Textbook

The Law and Business Administration in Canada

Edition: 14^th

Authors: Smyth, Soberman, Easson, McGill

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ohiosr Author

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6 years ago

Makes a lot of sense now

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Ashitha T.

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3 years ago

Thank you

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