How to Apply for a Gold Mandatory License
How to Apply for a Gold Mandatory License Minmidt.com in 2025 in Cameroon from The Ministry of Mines, Industry and Technological Development is in charge of the elaboration and implementation of the Government’s mining and industrial policy and technological development strategies within the various sectors of the national economy. Gold Mandatory License is one of the most important document needs when wanting to buy Gold from Africa from the 2025. The minister of mines in Cameroon Pr FUH CALISTUS GENTRY insisted on all foreigners willing to order precious metals in the Cemac country regions.
Are you looking for how to Acquire a Gold Mandatory License in Cameroon? minmidt.com is the best place to apply online for a Gold mandate permit license. Most people are looking to sell or buy Gold, But don’t have the complete financial funds. So, the Cameroon Ministry of Mines has decided to pass this bill of Statute Title 73 P.S. section 1932 (a), which requires a dealer in Precious Metals to obtain a license from the Ministry of Mines in Cameroon of every county in which the dealer purchases precious metals. As set by the Attorney General a minimum of $4500.00 USD (2,587,500.00 West African CFA Franc) fee shall be paid into the treasury of the Country where the license is issued Contact Us
Here’s a more detailed explanation:
- Purpose: Compulsory licensing is designed to balance the rights of intellectual property holders with the public interest in accessing essential products or technologies.
How it works:
Instead of needing the patent or copyright owner’s consent, a third party can use the invention or work under a compulsory license, provided they pay a royalty to the owner.
So the total cost for the mandate license for 5 years will be $250 for application fee plus $10,000 for the mandate license making a total of $10,250
Then total cost for the mandate license for 3years will be $250 for application fee plus $7,000 for the mandate license making a total of $7,250
So the total cost for the mandate license for 1years will be $250 for application fee plus $4,500 for the mandate license making a total of $4,750
Conditions:
The TRIPS Agreement (Trade-Related Aspects of Intellectual Property Rights) outlines specific conditions for issuing compulsory licenses, including adequate remuneration to the right-holder.
Examples:
Compulsory licenses are used for pharmaceutical products in public health emergencies, allowing other companies to manufacture and distribute patented medicines. They also apply to musical compositions, allowing artists to record cover versions without needing permission from the original composer, as long as they pay a royalty.
Legal Basis:
Compulsory licensing is rooted in national intellectual property laws and international agreements like the TRIPS Agreement.
Compulsory license: How to Apply for a Gold Mandatory License
A compulsory license provides that the owner of a patent or copyright licenses the use of their rights against payment either set by law or determined through some form of adjudication or arbitration. In essence, under a compulsory license, an individual or company seeking to use another’s intellectual property can do so without seeking the rights holder’s consent, and pays the rights holder a set fee for the license. This is an exception to the general rule under intellectual property laws that the intellectual property owner enjoys exclusive rights that it may license—or decline to license—to others.
Precious Metal Gold Mandate License in Cameroon
A precious metal Gold Mandate License in Cameroon is required of anyone who purchases or makes appraisals of precious metals and their alloys for resale to refiners, brokers, or the public. Precious metals are defined as items of gold, silver, platinum, and their alloys, including jewelry but excluding coins
