Distinguish between Voluntary licence and non -voluntary license

Voluntary Licensing

Voluntary licensing is the arrangement between the parties where the patent holder and the third party from any of the country come to an agreement of making affordable medicines in their respective countries and sometimes with discounts. A patent holder may give license to the third party either with an exclusive or non-exclusive right, the right to manufacture, import and distribute a pharmaceutical product and much more. The licensee of the patent will act as an agent of the company. The terms in a voluntary license, they may set price ranges or could include other terms like the holder royalty from the distribution of the sales. Voluntary licensing arrangements, at the discretion of the holder, are usually made for strategic reasons rather than as price gestures and they may not ______ ___ ________ __________ _____ ________ ___ _____ ___ ___ ____.
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