Singapore legislation

Clause 6

of Patents (Amendment) Bill

Clause 6

Repeal and re-enactment of section 62

Section 62 of the Patents Act is repealed and the following section substituted therefor:“Patentee entitled to remuneration62.—

(1)

Subject to subsection (2), where an act is done under section 56, the Government shall pay such remuneration to the patentee as may be agreed, or as may be determined by a method agreed, between the Government and the patentee having regard to the economic value of the patented invention or as may, in default of agreement, be determined by the court under section 58.(2) No remuneration shall be payable under subsection (1) in respect of the import or subsequent use under section 56(1A) of any relevant health product, if the patentee has received or will receive any other remuneration in respect of that relevant health product.”.