Government Usage of Invention: S101 (3/5) - Rights of Third Parties

In this video, we provide a comprehensive understanding of Section 101 of the Indian Patents Act, which deals with the impact of government usage on the assignments, agreements, and licensing deals that a patentee has with third parties. We discuss in detail how the clauses and provisions of third-party agreements cannot restrict or regulate the usage of the invention by the government, making it essential for patentees, assignors, and exclusive licensees to understand the nuances of the law.
Furthermore, we explore the compensation that needs to be computed and divided among the patentee, assignors, and exclusive licensee for the usage of the invention by the government or when a licensee is asked to work the invention for the purpose of the government. We delve into the legal framework for calculating compensation and the various factors that need to be considered, such as the scope of the usage, the duration of the usage, and the profits earned by the government.
If you are a patentee, assignor, exclusive licensee, or a legal professional dealing with patents in India, this video is a must-watch to gain a thorough understanding of Section 101 of the Indian Patents Act and its impact on your patent rights.
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Thank you so very much