A utility model is a valuable “patent-like” intellectual property right. A utility model is an exclusive right granted for a technical invention, which, like patents, allows the rights holder to prevent others from commercially using the protected invention without your consent.
Why are utility models important?
Small and medium-size businesses need to protect their inventions and products to stay competitive. However, patents may be expensive and hard to get. A utility model is a quicker and cost effective option. Like a patent, utility model applications are focused on technical solutions and include drawings, claims, and a description.
In its basic definition, a utility model is similar to a patent. In fact, utility models sometimes are referred to as petty patents or innovation patents. Utility models are only an available alternative in some countries such as Germany, Denmark, Finland, Spain, Italy, China and South Korea.
Wondering if a utility model would be the best protection for your innovation? Contact us to find the right answer with help from our experts.
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