(1)
Any person may apply to the court for the grant of a licence under a patent on either of the grounds specified in subsection (2) at any time after the later of—
the expiry of 3 years from the date that the patent is granted; or
the expiry of 4 years from the patent date.
(2)
The grounds are that a market for the patented invention—
is not being supplied in New Zealand; or
is not being supplied on reasonable terms in New Zealand.
Compare: 1953 No 64 s 46(1), (2)