Question:

The concept of first sale doctrine means:

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Once a product is sold, the IP owner cannot control or derive royalties from subsequent resales.
  • The ability of IP owners to derive royalties on every subsequent sale after the first sale has been made.
  • Non-ability of IP owners to derive royalties on every subsequent sale after the first sale has been made.
  • Ability of IP owners to derive royalties after the first sale but cannot stop any subsequent sale made by the buyer.
  • None of the above.
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The Correct Option is B

Solution and Explanation

The first sale doctrine limits the right of IP owners to control subsequent sales once the first sale of a product has occurred.
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