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Is Paizo legally obliged to have a full PRD? To my knowledge, it is their business policy which can be reversed at any time.
I don't believe Paizo is obligated to provide a full PRD, but I believe they cannot stop one from independently existing, outside of changes to their community use policy, which only covers product identity stuff (mainly Golarion-specific flavor stuff; the rules related to such would still be available, but wouldn't be able to use names; see D20PFSRD for 1e, which because they host a storefront, falls outside the Community Use policy, but still is able to exist due to OGL, but they have to rename some stuff, like "Dawnflower Dervish" becoming "Dervish of the Dawn" because Dawnflower is product identity). To my understanding there's not much Paizo could do to stop that, if they wanted to, at least until PF3e, if they chose to abandon the OGL (which would require quite a lot of expunging of aspects they can only use by virtue of the 3.0/3.5 SRD published through the OGL, to the extent it probably wouldn't even look like an evolution of the same game).