Market Dynamics and Technical Change
Compulsory licensing is a legal mechanism that allows a government to permit the use of a patented invention or copyrighted work without the consent of the patent or copyright holder under specific conditions. This process is typically invoked to balance public interest with the rights of the intellectual property owners, especially in cases involving health, safety, or access to essential medicines and technologies. It reflects the tension between encouraging innovation through protection of intellectual property and ensuring public welfare.
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