Practice question
A co-owner grants a third-party license, obtains the other owners’ consent to neither the license nor a proceeds arrangement, and retains all proceeds. He relies on his right personally to manufacture for profit. Does that right alone justify the grant?
- Yes, personal manufacture and third-party licensing are identical
- Yes, retaining all proceeds is mandatory
- Only the third party decides
- No; Section 107 separately restricts licensing or assignment in terms of co-owner consent or proportional division of proceeds
- No co-owner may ever manufacture personally
Legal references
- RA 8293, Intellectual Property Code, Sections 67-70, 73 and 76-107, read with RA 9502: https://lawphil.net/statutes/repacts/ra1997/ra_8293_1997.html
Answer this question in flashcards to review your response and continue practicing.