Government Usage of Invention - S100 (2/5): Compensation/Royalty

This informative session provides a closer look at Section 100 of the India Patents Act, which outlines the compensation and royalty provisions for patentees and exclusive licensees in case the government uses their invention. If you're a patentee or exclusive licensee, or simply interested in the legal aspects of intellectual property, this video is a must-watch.
The video begins by introducing Section 100 of the India Patents Act and explaining its relevance in the context of patent law. We then explore the various parameters that are considered to determine if compensation is required and the amount of compensation that is adequate for the expenses incurred by the patentee or exclusive licensee on the invention and patent.
Moving on, the video provides an in-depth understanding of the compensation and royalty provisions for patentees and exclusive licensees, highlighting the key considerations and factors that are taken into account while determining the compensation amount. This includes the economic value of the patented invention, the investment made by the patentee or exclusive licensee in developing the invention, and the impact of the government's use of the invention on the patentee's commercial prospects.
In conclusion, this video provides valuable insights into Section 100 of the India Patents Act and the compensation and royalty provisions for patentees and exclusive licensees. It is a must-watch for anyone interested in Indian patent law and the protection of intellectual property rights. Don't miss out on this informative session and gain a deeper understanding of the India Patents Act to protect your rights and ensure that you receive the compensation you deserve.
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