George & Co

question 14

Multiple Choice

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

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Definitions:

Analogy

A comparison between two things, typically for the purpose of explanation or clarification.

Natural Selection

A key mechanism of evolution where individuals with traits better suited to their environment are more likely to survive and reproduce, leading to genetic changes in populations over time.

Reproductive Success

The passing of genes onto the next generation in a way that they too can pass those genes on.

Linnaeus

Carl Linnaeus, an 18th-century Swedish botanist, physician, and zoologist who developed a system for naming, ranking, and classifying organisms.