Small Brothers patented an invention here in Canada in 1996 for which there is great public demand. (i) If Small Bros.is not able to come anywhere near supplying the demand,MegaCorp.could apply for a compulsory licence so that it can manufacture the product.
(ii) If MegaCorp.is granted a compulsory licence,it does not have to pay Small Bros.royalties as a normal licensee must do.
(iii) If MegaCorp.is granted a compulsory licence,it must pay a reasonable royalty fee to Small Bros.
(iv) Small Bros.might lose its patent altogether if it cannot meet the demand.
(v) If MegaCorp.had independently come up with the same invention,but applied for a patent after Small Bros.applied,it could also be granted a patent.
A) i and ii.
B) i and iii.
C) i,ii,and iv.
D) i,iii,and iv.
E) i,iii,iv,and v.
Correct Answer:
Verified
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