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In the realm of patent law, the concept of a   compulsory license   plays a vital role in balancing the rights of patent holders with public interest. But what exactly is a compulsory license, and why is it so important? This article aims to provide an in-depth understanding of the   compulsory license , shedding light on its implications, the process involved, and real-world applications. By the end of this guide, you will have a clearer picture of why compulsory licenses matter and how they function within the legal landscape. What is a Compulsory License? A  compulsory license  is a legal mechanism that allows a government to permit someone else to produce a patented product or process without the consent of the patent owner. This is typically invoked under specific conditions, such as public health crises, to ensure that essential products are available to the population at reasonable prices. It essentially serves as a check against the monopolistic tendenci...