Compulsory License

Compulsory License 

Compulsory License allows the company or an individual seeking other’s intellectual property to use it without having to seek the consent of the owner/ the right holder by paying a predetermined fee for the license. The fee is set by the law or through any arbitration or adjudication process. Copyright law many countries provide for compulsory licensing of copyrighted works for certain uses. In most of the cases, the fee or royalty to be paid for a work that is copyrighted under the compulsory license is defined by the local law, however, it can be negotiated. The fee may be determined through negotiations but must contain terms within the boundaries of the compulsory license.